DSE for allowing TREC to firm having minimum 100m paid-up capital
FE ONLINE REPORT | Friday, 3 July 2020
Dhaka Stock Exchange (DSE) has recommended allowing a trading right entitlement certificate (TREC) to a company having a paid-up capital of Tk 100 million.
It also recommended a registration fee of Tk 20 million and an application form fee of Tk 1.0 million for a new TREC to be issued by a stock exchange.
The premier bourse made such recommendations on Bangladesh Securities and Exchange Commission (BSEC)’s draft Trading Right Entitlement Certificate (TREC) Rules, 2020.
The DSE’s recommendations, which were finalised at a board meeting on Thursday, will be sent to the BSEC.
In the draft rules, the securities regulator has proposed a paid-up capital of Tk 30 million for a company willing to get a stock exchange’s TREC.
Besides, the draft TREC rules have proposed a registration fee of Tk 0.5 million and application form fee of Tk 0.1 million.