The Bangladesh Securities and Exchange Commission (BSEC) has granted conditional extensions to eight more capital market intermediary institutions to maintain and adjust provisions against their negative equity and unrealized losses. The decision was made during the commission’s 985th meeting, held on Tuesday (25 November), with Chairman Khandaker Rashed Maksud presiding.
Following the meeting, BSEC Director and Spokesperson Md. Abul Kalam issued a press release confirming the development. According to the statement, the deadline extension was approved after reviewing the action plans submitted by the concerned institutions regarding their provision maintenance and adjustment requirements.
The institutions receiving the extension are:
- City Brokerage Limited
- One Securities Limited
- Standard Bank Securities
- BD Sunlife Securities Limited
- IFIC Securities
- Apex Investments Limited
- AIBL (Abaci) Investment Limited
- Sonali Investment PLC
Earlier, on 14 November, BSEC’s 984th commission meeting granted similar conditional time extensions to 28 other intermediary institutions for meeting their provision obligations related to negative equity and unrealized losses.
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