BMBA places three proposals

Bangladesh Merchant Bankers Association (BMBA) has made three proposals including exemption of submitting monthly statements due to closure of the offices of market intermediaries.

The BMBA has submitted their proposals to the office of the Bangladesh Securities and Exchange Commission (BSEC) recently.

BMBA said due to the office closure, it is difficult to prepare quarterly and monthly statements.

"We have requested the regulator to exempt market intermediaries such as merchant banks, stock brokers and asset management companies from submission of statements for the month of April, May and June, 2020," the BMBA said.

The BMBA has also requested the securities regulator for allowing the listed companies to declare the record date and disburse dividend irrespective of holiday or working day.

"...as a result, shareholders/investors will be able to get at least some cash flow in their hands," the BMBA said.

The BMBA has urged the BSEC for instructing the listed companies to credit all dividends directly into the respective BO accounts or bank accounts within 15 days from the date of holding AGM.

"Small investors will be benefitted to some extent at this," the BMBA said.

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