The Central Counterparty Bangladesh Limited (CCBL) has not started operations six years after its formation due to disagreements between regulators and shareholder directors of the stock exchanges over its board structure.
The Bangladesh Securities and Exchange Commission (BSEC) said CCBL cannot begin operations without registration, but the Dhaka and Chittagong stock exchanges major shareholders have not applied, citing objections to the board setup that limits their direct representation
Formed in 2018 with a paid-up capital of Tk 3 billion, CCBL is meant to handle clearing and settlement of share transactions. BSEC officials say the structure was designed to prevent exchange influence and speed up settlements, but exchange representatives argue shareholders should have stronger oversight.
Until the dispute is resolved and registration is completed, CCBL’s operations will remain stalled.
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