The Bangladesh Securities and Exchange Commission (BSEC) has decided to extend the deadline under certain conditions for 11 additional capital-market intermediary firms to maintain and adjust provisions against negative equity and unrealized losses. The firms include stock brokers, stock dealers, and merchant banks.

The decision was taken at BSEC’s 986th commission meeting held today (Tuesday, 25 November), presided over by its Chairman Khandaker Rashed Maksud.

In a press release signed by BSEC Director and Spokesperson Md. Abul Kalam after the meeting, it was stated that the action plans submitted by the 11 firms regarding the preservation and adjustment of provisions for negative equity and unrealized losses were reviewed, and the deadline was conditionally extended.

Fintra Securities Ltd., Sheltech Brokerage Ltd., Zaytun Securities International Ltd., BDBL Investment Services Ltd., Hazrat Amanat Shah Securities Ltd., GMF Securities Ltd., Waifang Securities Ltd., BRB Securities Ltd., BNB Securities Ltd., BMSL Investment Ltd., and MIDAS Investment Ltd.

Earlier, at the 985th commission meeting on 25 November, BSEC extended the deadline for eight firms, and at the 984th meeting on 14 November, the deadline for 28 firms, to maintain and adjust provisions against negative equity and unrealized losses.