Baku:Bangladesh Securities and Exchange Commission The Bangladesh Securities and Exchange Commission (BSEC) has granted in-principle approval for commodity derivatives broker registration certificates to six stock brokerage firms. This decision was made during the 1,035th emergency commission meeting held at the BSEC headquarters, chaired by Commission Chairman Masud Khan.
According to Bangladesh Sangbad Sangstha, the six brokerage firms approved for registration are Sohel Securities Limited, Island Securities Limited, NLI Securities Limited, Be Rich Limited, PHP Stocks and Securities Limited, and UCB Stock Brokerage Limited. The approval process included applications from these firms and recommendations from the Chittagong Stock Exchange PLC (CSE). Letters of intent will be issued to the companies as part of the registration process.
In addition to the broker registrations, the BSEC has directed the relevant authorities to compensate affected investors of four brokerage firms—Banco Securities Limited, Tamha Securities Limited, Crest Securities Limited, and Shah Mohammad Saghir and Company Limited. The compensation, which covers verified and unresolved claims, will be paid from the Dhaka Stock Exchange (DSE) Investors' Protection Fund, with each eligible investor entitled to a maximum of Taka 5 lakh.
The commission also addressed the operational status of 12 capital market subsidiary companies under nine financial institutions whose licenses are being canceled by Bangladesh Bank. Among these, four companies—Premier Leasing Securities Broking Ltd, AVIVA Equity Management Ltd, PLFS Investments Ltd, and Prime Finance Capital Management Ltd—have been permitted to continue operations due to their adequate net assets and satisfactory positions.
Additionally, seven capital market entities have been given until April 30, 2027, to rectify deficiencies in net assets and comply with securities laws. These include four stockbrokers, two merchant bankers, and one asset management company. FAS Capital Management Ltd has been granted an extension until December 31, 2026, to address its net asset shortfall.
These measures aim to address investor claims, ensure regulatory compliance, and determine the operational status of capital market subsidiaries linked to financial institutions with canceled licenses.