quarterly review september 2020

wmwKDwiwUR Kwgkb feb

ÔÔgywRee‡l©i A½xKvi

Dbœqb-A_©vq‡bi Drm n‡e cyuwRevRviÕÕ

Bangladesh Securities and Exchange CommissionEnsuring Stability and Discipline towards Advancement of the Economy

Quarterly ReviewSeptember 2020

Quarterly ReviewSeptember 2020

Bangladesh Securities and Exchange CommissionSecurities Commission Bhaban

E-6/C Agargaon, Sher-e-Bangla Nagar Administrative Area, Dhaka-1207Website: http://www.secbd.org, http://www.sec.gov.bd, http://www.GmBwmwewW.evsjv

E-mail: [email protected]


Sl. No. Contents Page Number

Table of Contents

Executive Directors and Head of the Departments of the CommissionDirectors of the Commission

Establishment and Activities of Bangladesh Securities and Exchange Commission

Capital Market Regulatory Reforms and ComplianceCorporate FinanceCapital IssueSurveillance

RegistrationMutual Fund and Special Purpose Vehicle

Supervision and Regulations of Market and Issuer Companies

Supervision and Regulation of IntermediariesEnforcementLawCentral Depository ServicesManagement Information Systems

Research and DevelopmentFinancial Literacy

International Affairs Stock Exchanges’ Operational StatisticsPress Release

1

2

3

4

56789

101112

13

141516

17181920

21

04

05

06

07

08

09

11151617

2324

26272829

31323233

34

Bangladesh Securities and Exchange Commission

Quarterly Review

Bangladesh Securities and Exchange Commission 02

The Bangladesh Securities and Exchange Commission (BSEC) was established on 8th June, 1993 as the regulator of the country’s capital market through enactment of the Bangladesh Securities and Exchange Commission Act, 1993; with the objectives of protecting the interest of investors in securities, developing the securities market and making rules for matters connected therewith or ancillary thereto. The Commission consists of the Chairman and four Commissioners who are appointed for fulltime by the Government. The Chairman acts as the Chief Executive of the Commission. The Commission has overall responsibility to make securities related rules and regulate the market accordingly. The Commission is a statutory body and attached to the ministry of finance.

At present, Prof. Shibli Rubayat-Ul-Islam is serving as the Chairman of the Commission and Mr. Khondoker Kamaluzzaman, Dr. Shaikh Shamsuddin Ahmed, Prof. Dr. Md. Mizanur Rahman and Mr. Md. Abdul Halim are serving as the Commissioner of the Commission.

Bangladesh Securities and Exchange Commission (BSEC) has been elevated to ‘A’ category member of International Organization of Securities Commissions (IOSCO) on 22 December, 2013 for achieving international standard through capital market reforms.

Quarterly Review


1. Bangladesh Securities and Exchange Commission

Prof. Shibli Rubayat-Ul-IslamChairman

Dr. Shaikh Shamsuddin AhmedCommissioner

Mr. Md. Abdul HalimCommissioner

Prof. Dr. Md. Mizanur RahmanCommissioner

Mr. Khondoker KamaluzzamanCommissioner

Quarterly Review


2. Executive Directors and Head of the Departments of the Commission

Sl.No.

Name Designation Head of the Departments

Dr. ATM Tariquzzaman

Mr. Md. Anowarul Islam

Mr. Md. Saifur Rahman

Mr. Md. Ashraful Islam

Mr. M. Hasan Mahmud

Mr. Mahbubul Alam

Mr. Mahbuber Rahman Chaudhury

Mr. Kamrul Anam Khan(CC)*

Mr. Mohammad RezaulKarim (CC)*

*CC = Current Charge

(Currently working as lecturer atVictoria University of Wellingtonin New Zealand under lien )

SRI, CDS and Corporate Finance

SRMIC, Enforcement, APA, SDG,Innovation and Project Director

MIS and R&D

Internal Audit and Registration

AML/CFT Wing, InternationalAffairs and Financial Literacy

CMRRC and Law

Office of the Chief Accountant,Admin & Finance and MF and SPV

Capital Issue, Surveillance andSpokesperson of the Commisssion

ED

ED

ED

ED

ED

ED

ED

ED

ED

1

2

3

4

5

6

7

8

9

Quarterly Review


3. Directors of the Commission

Sl.No.

Name Designation Departments

Mr. Shafiul Azam

Mr. Ripan Kumar Debnath

Mr. Mir Mosharraf Hossain

Mr. Mohammad JahangirAlam

Mr. Mahmoodul Hoque

Mr. Prodip Kumar Basak

Mr. Rajib Ahmed

Mr. Abul Kalam

Mr. Mansur Rahman

Mr. Mohammad Abul Hasan

Mr. Sheikh Mahbub Ur Rahman

Ms. Farhana Faruqui

Mr. Abu Rayhan MohammadMutasim Billah

Director

Director

Director

Director

Director

Director

Director

Director

Director

Director

Director

Director

Director andCommission

Secretary

SRI and CDS

SRMIC

Finance

Enforcement andFinancial Literacy

MF and SPVRegistration

MIS

CMRRC

Capital Issue

Corporate Finance

Surveillance

IAD and Administration

Research & Development and Commission Secretariat

1

2

3

4

5

6

7

8

9

10

11

12

13

Quarterly Review


4. The Missions of the Commission

An efficient, transparent and fair capital market plays an important role in development of a country’s industrialization and economic development. To develop such a fair and accountable capital market, Bangladesh Securities and Exchange Commission was established as the regulator of the capital market with the following missions:

• Protecting the interest of investors in securities;

• Developing the capital and securities markets; and

• Making rules on securities related matter or ancillary thereto.

The Commission consists of the Chairman and four full time Commissioners who are appointed by the Government for four years and terms of their service is determined by the Government. The Government may reappoint them subject to their age not exceeding 65 years. The Chairman discharges duties as the Chief Executive of the Commission.

The Commission carries out all its activities to meet purposes of the securities laws. Major activities of the Commission are listed below:

• Approval for issuance of securities;

• Making of securities related rules;

• Market surveillance on securities trading ;

• Ensuring corporate governance in listed companies,

• Conducting countrywide financial literacy;

• Enforcement actions against violation of securities laws;

• Regulating capital market and its intermediaries;

• Conducting research and publishing information.

Quarterly Review


5. Capital Market Regulatory Reforms and Compliance (CMRRC)

Following amendments/orders/directives have been issued by the Commission whichare presented in the Commission’s website:

Sl.No

Subject Classification Reference No.

Notification

Order

Directive

Notification

Notification

Notification

BSEC/CMRRCD/2009-193/07/Admin/106;dated 01 September 2020.

BSEC/CMRRCD/2009-193/08; dated 01 September 2020.

BSEC/CMRRCD/2009-193/09; dated 06 September 2020.

BSEC/CMRRCD/2020-376/10/Admin/107; dated 10 September 2020.

BSEC/CMRRCD/2019-370/11/Admin/108; dated 24 September 2020.

BSEC/CMRRCD/2019-370/12/Admin/--, dated 29 September 2020.

1

2

3

4

5

6

Certain conditions imposed onlisted Companies tradedunder Z-category.

Order issued to Dhaka Stock Exchange Ltd. and ChittagongStock Exchange Ltd. with regard to redefinition of Z-categoryCompanies.

Directive on financial reportingand disclosure of mutual fund and asset manager.

Exemption to Robi Axiata Ltd.from certain rules of the Bangladesh Securities and Exchange Commission (PublicIssue) Rules, 2015.

Bangladesh Securities and Exchange Commission (TradingRight Entitlement Certificate)Rules, 2020.

Exemption to the issuer companieswho submitted application for public offer of shares on 29 April2019 or before from certain rulesof the Bangladesh Securities andExchange Commission (PublicIssue) Rules, 2015.

Quarterly Review


6. Corporate Finance

Sl.No.

Particulars Action takenNo. of

Company

Reports/Audit reports onutilization of fund raised through IPO/RPO/RightsIssue/Convertible PreferenceShares have been acceptedby the Commission.

Explanation sought from the companies.

Referred to EnforcementDepartment for non-submission of quarterlyfinancial statements withinstipulated time.

Reports on utilization of IPO/RPO/Rights Issue / ConvertiblePreference Shares.

Extension of time for submissionof Audited Financial Statementsfor the year ended on 31December 2019

Audited Financial Statements forthe year ended on 31 December2016; 2017; 2018 and 30 June2019

Extension of time for submissionof quarterly financial statementsfor the first quarter ended on 31 March 2020 and 30 September2019.

Extension of time for submissionof quarterly financial statementsfor the second quarter ended on30 June 2020; 31 December2019.

Time extended.

Time not extended.

Time extended.

Time not extended.

Referred to EnforcementDepartment for non-submissionof quarterly financial statementswithin stipulated time.

Time extended.

Time not extended.


Explanation sought from thestatutory auditor.

Appointment of special auditor.

1

2

3

4

5

1

2

21

20

3

3

2

23

12

3

19

12

18

Quarterly Review


Sl.No.

Particulars Action takenNo. of

Company

Time Extended.

Time not extended.

Explanation sought fromthe companies.

Referred to EnforcementDepartment for non-submission of quarterlyfinancial statements withinstipulated time.

Explanation sought on theinformation provided in thefinancial statements fromthe issuer.

Extension of time for submissionof quarterly financial statementsfor the third quarter ended on31 March 2020.

Quarterly financial statements for the third quarter ended on31 March 2020.

Consent accorded.Appointment of IndependentDirector.


Referred to EnforcementDepartment to take necessaryaction against the issuer fornon-compliance with the Corporate Governance Code.

Corporate Governance Code.

Audit firm excluded/removedfrom the panel of auditors.

Panel of Auditors.

6

7

8

9

10

2

5

9

42

2

12

1

5

1

Quarterly Review


7. Capital Issue

Initial Public Offering (IPO):

During the time, the Commission accorded consent to 3 companies to raise capital. The subscription for shares among public was Tk. 145.00 crore.

Rights Issue:

During the time, the Commission accorded consent to 1 listed company for issue of right shares of Tk. 23.03 crore under the Securities and Exchange Commission (Rights Issue) Rules, 2006.

Capital Raising:

• Public Limited Company:

During the time, the Commission accorded consent to 8 public Ltd. companies to raise capital through issuance of ordinary shares, bonus shares, preference shares, right shares and bonds amounting to Tk. 3400.00 crore under the Securities and Exchange Commission (Issue of Capital) Rules, 2001. The following table exhibits position of such capital raising:

Nature of Raising Capital Number of Companies Total Capital(Crore Taka)

Ordinary Shares

Perpetual Bond

Debenture

Convertible Preference Shares

Subordinate BondRedeemable Preference Shares

Bond

Total

--

4

--

--

3

--

1

8

--

1800.00--

--

1500.00

--

100.00

3400.00

Quarterly Review


• Private Limited Company and others:During the time, the Commission accorded consent to 1 private Ltd. company and 1 another institution to raise capital through issuance of ordinary shares and Bond Tk. 1060.00 crore under the Securities and Exchange Commission (Issue of Capital) Rules, 2001 and the Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012. The following table exhibits position of such capital rising.

• List of approval of Companies’ Bond and Debenture issues:

Nature of Raising Capital Number of Companies Total Capital(Crore Taka)

Ordinary Shares

Perpetual Bond

Debenture

Convertible Preference Shares

Subordinate Bond

Redeemable Preference Shares

Bond

Total

--

--

----

--

--

2

2

--

--

----

--

--

1060.00

1060.00

Sl.No.

Name of theCompany

Particulars Amount(Taka)

ConsentLetter issued

Unsecured, Non-convertible,Floating Rate, Perpetual Bondof Tk. 4,000,000,000/-

Unsecured, Non-convertible,Floating rate, Perpetual Bondof Tk. 4,000,000,000/-Unsecured, Non-convertible,Floating Rate, Perpetual Bondof Tk. 5,000,000,000/-

One Bank Ltd.

Mutual TrustBank Limited

Standard BankLimited

1

2

3

4

5.07.2020 4,000,000,000

5.07.2020 4,000,000,000

29.07.2020 5,000,000,000

Unsecured, Non-convertible,Floating Rate, Perpetual Bondof Tk. 5,000,000,000/-

National Creditand CommerceBank Limited

26.08.2020 5,000,000,000

Quarterly Review


Fully redeemable, Non-convertible, Unsecured,Zero Coupon Bond of Tk. 8,500,000,000/-

Standard CharteredBankBangladesh

26.08.2020 8,500,000,000

Sl.No.

Name of theCompany

Total Taka 44,600,000,000

Particulars Amount(Taka)

ConsentLetter issued

Unsecured, Guaranteed,Redeemable, Non-convertibleBond of Tk. 2,100,000,000/-

Unsecured, Non-convertible,Redeemable, SubordinatedBond of Tk. 5,000,000,000/-Unsecured, Non-convertible,Redeemable, SubordinatedBond of Tk. 5,000,000,000/-

PRAN AgroLimited

SoutheastBank Limited

Dutch-BanglaBank Limited

5

6

7

8

9

10

3.09.2020 2,100,000,000

10.09.2020 5,000,000,000

23.09.2020 5,000,000,000

Fully redeemable,Non-convertible,Unsecured, Zero CouponBond of Tk. 1,000,000,000/-

AamraNetworksLimited

23.09.2020 1,000,000,000

Non-Convertible, FloatingRate, Mudaraba Subordinated Bond of BDT 500,00,00,000/-

Al-ArafahIslami BankLimited

3.09.2020 5,000,000,000

Quarterly Review


• List of approval of Right Share issues:

• Particulars of the issues for which Commission accorded consent for publication of prospectus during 01-07-2020 to 30-09-2020 under Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015

Sl.No.

Name of theCompany

Total Amount of Right Share Issue for the Quarter Jul-Sep 2020 230,273,265.00

Date ofApproval

Amount(BDT) Applied for

Approval for 15351551 OrdinaryShares as Right Shares of Tk. 10.00 each at an issue priceof Tk. 15.00 per share

Pragati LifeInsuranceLimited

1 13.08.2020 230,273,265.00

Sl.No.

Name of the

Company

Date ofConsent

IssuePrice Taka

Numberof SharesIssued

IPO amount,in TK.

(Inculdingpremium ifany) Taka

Paid upCapital

(Post IPO) Taka

WaltonHi-TechIndustriesLimited.

AssociatedOxygenLimited.

315.00 (cutoffer price)252.(Publicoffer)

4,000,000,000(Withoutpremium)

1

2

3

06/07/2020 29,28,343 100,00,00,000

06/08/2020 10 1,50,00,000 150,000,000 950,000,000

DominageSteel BuildingSystem Ltd.

17/09/2020 10 3,00,00,000

Total =

30,00,00,000

145,00,00,000

950,000,000

Quarterly Review


08. Surveillance

• Daily Market Surveillance:

As part of daily market surveillance, the surveillance officials watch and analyze the trading activities of the stock exchanges through Commission’s surveillance system “InstantWatch Market” in order to find out irregularities, suspicious trading and market misconducts, if any. At the end of daily trading, a daily trade report is prepared by pointing out market conditions and is submitted to the Chairman, the Commissioners and concerned Executive Director of the Commission.

• Enquiry and Investigation:

In order to ensure fair trading and build confidence of investors in the securities market, it is necessary to ensure proper compliance of securities related laws, rules and regulations through investigation into suspicious and manipulative cases.

During July-September 2020, BSEC conducted enquiry on recent unusual movement of price and volume of Beacon Pharmaceuticals Limited shares and Central Pharmaceuticals Limited shares. The enquiry committee submitted report to the Commission on 31.08.2020. Besides, another enquiry committee has been formed on 16.09.2020 regarding unusual movement of price and volume of GQ Ball Pen Industries Limited shares which is under process.

Dhaka Stock Exchange Limited (DSE) and Chittagong Stock Exchange Limited (CSE) have submitted total 3 (three) investigation reports to the Commission.

As per instruction of BSEC, Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited investigated into short-selling alerts generated in “InstantWatch” market surveillance system during July-September, 2020 and submitted reports to the Commission.

Quarterly Review


9. RegistrationRegistration Department deals with activities of issuance and renewal of Certificates of Stock Dealer /Stock Broker, Authorized Representative, Merchant Bank, Asset Management Company, Depository Participant, Fund Manager, Trustee of Debt Securities, Security Custodian. During the period, the following certificates have been issued and renewed:

• Registration department carries out activities under the followings rules and regulations

i. wmwKDwiwUR I G·‡PÄ Kwgkb (÷K wWjvi, ÷K †eªvKvi I Aby‡gvw`Z cÖwZwbwa) wewagvjv, 2000;

ii. wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996;

iii. wmwKDwiwUR I G·‡PÄ Kwgkb (wgDPz¨qvj dvÛ) wewagvjv, 2001;

Sl.No.

Types of CertificateIssued

No. of Certificates

Issued

No. ofRenewal

Certificate

OfficeTransfer

BranchApproval

Stock Dealer

Stock Broker

Authorized Representative

Merchant Bank

Asset Management Company

Security Custodian

Depository Participant

Trustee of Debt Securities

Fund Manager

Trustee

Custodian for Mutual Fund

1

2

3

4

5

6

7

8

9

10

11

---- --------

--

01

--

01 (CDBL)

06

--

01

--

33 (DSE)61 (CSE)35 (DSE)72 (CSE)

476 (DSE)167 (CSE)

--

--

--

--

65

--

--

--

------------

--

--

--

--

--

--

--

--

01----------

--

--

--

--

--

--

--

--

Quarterly Review


iv. wmwKDwiwUR I G·‡PÄ Kwgkb (wmwKDwiwUR Kv÷wWqvb †mev) wewagvjv, 2003;

v. wWcwRUwi (e¨envwiK) cÖweavbgvjv, 2003;

vi. Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012;

vii. Securities and Exchange Commission (Alternative Investment) Rules, 2015;

DSE = Dhaka Stock ExchangeCSE = Chittagong Stock Exchange CDBL = Central Depository Bangladesh Limited

10. Mutual Fund and Special Purpose Vehicle (MF & SPV)

During July-September, 2020 Mutual Fund and SPV Department has performed the following duties and responsibilities: (1) Public issue related functions of Mutual Fund:

Name of the Fund Fund Highlights Sl.No.

1 Nature: Open-end Mutual Fund

Trustee: Sandhani Life Insurance Company Limited

Custodian: BRAC Bank Limited

Face Value: Tk. 10 (Taka ten) per unit

Prospectus Approval Date: 26.07.2020.

Initial Size of the Fund: 10.00 crore

Sponsors Contribution: Tk. 1.00 CroreGeneral Investors: Tk. 9.00 Crore

Life and Size of the Fund: Perpetual life and unlimited size

Sponsor & Asset Manager: VIPB Asset Management Co. Ltd.

VIPB Balanced Fund

Quarterly Review


(2) A brief scenario of existing Mutual Funds:

• Open-end Mutual Funds:

Name of the FundFund Size

(Tk. in Crore)

NAV at Cost Price

(As on 30/09/2020)

NAV at MarketPrice

(As on 30/09/2020)

Sl.No.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

16.73

359.67

20.00

28.76

1767.57

90.00

33.33

36.17

10.00

78.16

80.00

19.61

61.10

81.83

13.02

43.34

19.92

33.72

26.40

47.93

881.29

18.65

25.16

1984.74

82.93

34.26

43.48

14.16

74.89

75.81

21.41

71.58

99.73

16.49

36.76

23.84

39.63

31.16

28.69

649.84

15.70

24.28

1448.87

85.68

30.06

29.57

14.18

59.17

72.91

18.71

70.74

75.03

13.24

31.73

18.52

31.70

26.83

ICB AMCL PensionHolders Unit Fund

ICB AMCL Unit Fund

Prime Financial First Unit Fund

Alliance Shandhani Life Unit Fund

Bangladesh Fund

MTB Unit Fund

Rupali Life Insurance FirstMutual Fund

ICB AMCL Converted FirstUnit Fund.

CAPM Unit Fund

ICB AMCL Islamic Unit Fund

UFS Popular Life Unit Fund.

Peninsula AMCL BDBL UnitFund One

VIPB Accelerated Income Unit Fund

First ICB Unit Fund

Second ICB Unit Fund

Third ICB Unit Fund

Fourth ICB Unit Fund

Fifth ICB Unit Fund

Sixth ICB Unit Fund

Quarterly Review



(Tk. in Crore)

NAV at Cost Price

(As on 30/09/2020)

NAV at MarketPrice

(As on 30/09/2020)

Sl.No.

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

50.00

38.11

11.93

34.24

39.66

10.00

50.00

34.79

18.97

200.00

30.32

15.00

20.00

8.56

50.00

30.64

10.00

33.11

31.04

73.42

10.00

47.36

45.96

13.07

34.19

47.87

7.63

26.67

40.51

21.16

101.70

33.38

17.93

37.64

7.97

32.57

29.31

10.82

54.99

32.02

67.03

19.09

45.40

43.08

12.84

30.39

40.29

6.99

21.87

32.64

17.54

91.84

34.14

13.43

32.54

8.11

26.49

26.72

9.39

58.19

28.66

68.49

18.84

UFS Padma Life Islamic UnitFund.

LankaBangla 1st Balanced Unit Fund.

ATC Shariah Unit Fund

ICL Balanced Fund

Seventh ICB Unit fund

UFS Pragati Life Unit Fund.

Prime Finance Second MutualFund

Eighth ICB Unit fund

Credence First Growth Fund

UFS- IBBL Shariah Unit Fund

IDLC Growth Fund

NAM IBBL Islamic Unit fund

Peninsula Sadharan BimaCorporation Unit Fund

Zenith Annual Income Fund

HFAML Unit fund

LankaBangla Al-Arafah Shariah Unit Fund

Credence First Shariah Unit Fund

Shanta First Income Unit Fund

VIPB Growth Fund

IDLC Balanced Fund

UFS-Bank Asia Unit Fund

Quarterly Review



(Tk. in Crore)

NAV at Cost Price

(As on 30/09/2020)

NAV at MarketPrice

(As on 30/09/2020)

Sl.No.

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

30.19

31.81

25.41

15.55

11.22

15.87

7.75

128.62

8.92

7.01

8.54

14.73

25.58

20.54

14.00

8.00

16.71

8.17

10.05

35.16

26.39

28.94

27.49

14.12

10.18

16.86

8.03

119.99

9.39

8.91

9.29

14.44

24.48

21.57

15.27

8.70

16.75

8.22

9.93

35.96

25.00

10.00

26.40

20.00

10.00

12.00

10.00

110.59

10.00

10.00

10.00

12.32

25.00

50.00

11.20

10.00

10.00

10.00

10.00

35.00

BCB ICL Growth Fund.

Capitec Padma P.F. ShariahUnit Fund

EDGE Bangladesh Mutual Fund

HFAML-ACME Employees’ Unit Fund

Vanguard AML Growth Fund

Shanta Amanah Shariah Fund

AAML Unit Fund

ICB AMCL Second NRBUnit Fund

Peninsula Balanced Fund

Constellation Unit Fund

CWT Emarging BangladeshFirst Unit Fund

Esquire ICL Apparel Fund

Capitec Popular Life Unit Fund

IDLC Asset ManagementShariah Fund

EDGE AMC Growth Fund

Ekush First Unit Fund

EBL AML 1st Unit Fund

1st ACACIA SRIM SMEGrowth Unit Fund

CWT-Sadharan Bima Growth Fund

RACE Special Opportunities Fund

Quarterly Review


• Close-end Mutual Funds:

Name of the Mutual Funds Fund Size

(Tk. inCrore)

NAV at Cost Price

(As on 30/09/2020)

NAV at Market Price

(As on 30/09/2020)

Sl.No.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

100.00

182.4

20.00

144.8

50.00

75.00

120.00

303.6

100.00

182.2

60.00

100.00

289.9

150.00

299.10

281.9

100.00

100.00

243.3

99.8

60.5

107.5

195.42

35.27

161.05

66.08

86.24

86.18

339.67

117.05

202.37

68.83

113.97

328.33

148.09

337.09

309.75

101.67

94.69

244.20

116.47

67.61

74.14

324.6

20.92

150.76

38.88

50.42

50.33

321.33

77.06

187.43

41.44

68.81

304.82

131.27

311.44

292.25

102.09

102.35

234.93

122.62

74.52

IFIL Islamic Mutual Fund-1

Grameen Mutual Fund Two

Prime Finance First Mutual Fund

EBL First Mutual Fund

ICB AMCL Second Mutual Fund

ICB Employees Provident Mutual Fund: Scheme-1

DBH First Mutual Fund

Trust Bank 1st Mutual Fund

Prime Bank 1st ICB AMCLMutual Fund

IFIC Bank 1st Mutual Fund

Phoenix Finance 1st Mutual Fund

ICB AMCL 3rd NRB Mutual Fund

First Janata Bank Mutual Fund

Green Delta Mutual Fund

Popular Life First Mutual Fund

PHP First Mutual Fund

AIBL 1st Islamic Mutual Fund

MBL 1st Mutual Fund

EBL NRB Mutual Fund

Southeast Bank 1st Mutual Fund

Reliance One’ The First Scheme of Reliance InsuranceMutual Fund

Quarterly Review


Name of the Mutual Funds Fund Size

(Tk. inCrore)

NAV at Cost Price

(As on 30/09/2020)

NAV at Market Price

(As on 30/09/2020)

Sl.No.

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

311.1

239.1

776.1

50.3

108.6

143.3

100.00

61.8

50.00

104.3

158.7

50.1

100.00

98.2

66.9

72.9

304.95

279.60

838.03

61.33

105.25

159.42

112.11

66.40

58.02

118.94

169.68

55.06

112.26

105.20

72.78

80.49

318.57

255.00

796.13

65.16

115.85

148.46

88.16

66.04

50.95

110.67

151.18

48.85

102.08

88.74

67.48

78.84

LR GLOBAL BangladeshMutual Fund One

AB Bank 1st Mutual Fund

First Bangladesh FixedIncome Fund

NLI First Mutual Fund

NCCBL Mutual fund-1

EXIM Bank 1st Mutual Fund

ICB AMCL Sonali Bank Limited 1st Mutual Fund

Asian Tiger Sandhani LifeGrowth Fund

SEML Lecture EquityManagement Fund

Vanguard AML BD FinanceMutual Fund One

Vanguard AML Rupali BankBalanced Fund

CAPM BDBL Mutual Fund 01

SEML IBBL Shariah Fund

ICB AMCL First Agrani BankMutual Fund

CAPM IBBL Islamic MutualFund

SEML FBSL Growth Fund

Quarterly Review


11. Supervision and Regulation of Markets and Issuer Companies (SRMIC)

Following activities have been accomplished:

• List of AGM and Dividend of listed Companies:

Name Year-End Date ofAGM

Dividend

Cash StockSl.No.

Glaxo Smith Kline (GSK)Bangladesh Limited

Grameenphone Ltd.

British American TobaccoBangladesh Company Limited

Singer Bangladesh Ltd.

Prime Insurance Company Ltd

Linde Bangladesh Limited

Delta Brac Housing Fin.Corp.Ltd.

LafargeHolcim Bangladesh Ltd.

Mercantile Bank Ltd.

BRAC Bank Ltd.

Uttara Bank Ltd.

IDLC Finance Limited

Green Delta InsuranceCompany Ltd.

Heidelberg CementBangladesh Ltd.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

201912

201912

201912

201912

201912

201912

201912

201912

201912

201912

201912

201912

201912

201912

4/16/2020

4/21/2020

4/22/2020

5/13/2020

5/20/2020

6/16/2020

6/17/2020

6/23/2020

6/24/2020

6/25/2020

6/26/2020

6/27/2020

6/30/2020

6/30/2020

530.00

130% (including90% Interim)

400.00

77.00

nil

500.00

20.00

10.00

11.00

7.50

7.00

35.00

15.00

nil

--

--

--

--

----

15%B

--

5%B

7.50%B

23%B

--

5%B

--

Quarterly Review


12. Supervision and Regulation of Intermediaries (SRI)

The functions of SRI Department are supervising and regulating the activities of Stock Dealers/Stock Brokers, Depository Participants, Securities Custodian, MerchantBankers, Asset Management Companies and other Market Intermediaries. This Department conducts the regular inspection of Stock Brokers/Dealers, Depository Participants, Merchant Bankers and Asset Management Companies on monthly basis and also conducts special inspection as and when required. The SRI Department also deals with the complaints lodged by the general investors and other stakeholders. During July - September, 2020 the following activities were performed by this department:

A. Customer Complaint Address Module (CCAM): SRI Department is responsible for settling the investor complaints submitted to BSEC. Previously the customers submitted their complaints in the form of letter (hard copy). On 30th Sep-tember, 2019; the first day of World Investor Week-2019 of the International Organization of Securities Commissions (IOSCO), an online system named the Cus-tomer Complaint Address Module (CCAM) was launched to make entire complaint redressal system automated and also to create a database of the submitted com-plaints. Under this Module, the investors will be able to submit their complaints online through BSEC, DSE, CSE and CDBL’s website. They will be able to track the current status of their submitted complaints online and also be able to withdrawn submitted complaints if they wish. If the investors are not happy with the outcome of their submitted complaints, they will be able to submit appeal using the same module. Soon after submission of the complaints, the investors will get an acknowl-edgment from the system with a complaint number. Submitted complainants will immediately reach to the respective stakeholders and there will be no need to register these in the manual file. As a result, complaint settlement time will be reduced significantly and information stored in the database can be used for supervision work. A summary of the complaints lodged through CCAM during July - Septem-ber, 2020 are furnished below:

Duration No. of complaints lodged No. of complaintdisposed

Underprocess

July - September,2020 139 85 54

Quarterly Review


In addition to the Customer Complaint Address Module (CCAM), investors lodge manual complaints to the Commission. During July - September, 2020 investors lodged 28 manual complaints to the Commission. A summary of the said complaints are furnished below:

B. External Data Request Processing (EDRP): An online Platform called External Data Request Processing (EDRP) was introduced on April 15, 2019 to facilitate exchange of information with different government agencies including Anti Corruption Commission (ACC). During July - September, 2020 we have responded 173 letters of ACC and other government agencies.

C. Inspections conducted by SRI Department during July - September, 2020:

Intermediaries Disposed

No. of complaints

receipt (April -

June, 2020)

Sent to Enf. Dept.

for necessaryaction

Underprocess

Sent to DSE/CSE/MB for

necessaryaction

DSE TREC Holder

CSE TREC Holder

Merchant Bankers

1

--

--

12

--

--

--

--

--

14

--

1

27

--

1

Type of Market

Intermediaries

Typeof

Inspection

Numberof

Inspection

Referred toEnforcement

Dept. for Action

Sl.No.

Resolved UnderProcess

1

2

4

1

5

1

--

1

--

--

0

3

1

4

Stock Broker/Stock Dealer

Credit RatingCompany

Total

Monthlyregular

Inspection

Inspection

Quarterly Review


13. Enforcement

Under the Securities laws, the Enforcement Department takes legal measures including imposition of monetary penalty against those who break /violate securities laws in consideration of the nature of offences they commit. Prior to taking measures it follows due process that includes carrying out inspection and enquiry. On the basis of violations of securities laws detected during the inspection/enquiry process, explanations are sought from the concerned issuer and person or institution alleged and then hearing is conducted as per the concerned securities laws and thereafter a report is submitted before the Commission. The Commission takes necessary legal action as per securities laws.

During the period, Enforcement Actions taken against Issuer Companies, Chartered Accountant Firms, Stock Brokers, Stock Dealers, Credit Rating Company, Depository Participants (DPs), Issue Managers and others by the Commission for non-compliance of the securities related laws are furnished as below:

Particulars Penalty Warning TotalSl.No.

1

2

3

4

5

6

Issuer Company/Director

Stock Broker/Stock DealerAuthorized Representative

Chartered Accountants

Merchant Bank

Investor

Others

Grand Total

43

2

--

2

6

1

54

1

38

3

--

--

4

46

44

40

3

2

6

5

100

Quarterly Review


14. Law

A total of 561 cases filed by or against Bangladesh Securities and Exchange Commission are pending in different courts. Name of the courts are given below along with number of pending cases:

Name of the Court Numberof Cases

Sl.No.

1

2

3

4

5

Supreme Court of Bangladesh

Total number of Cases :

Special Tribunal, BSEC, Dhaka

District Judge Court, Joint District Judge Court,Assistant Judge Court, Dhaka

Chief Metropolitan Magistrate Court, Dhaka

General Certificate Court, Dhaka

Appellate Division

High Court Division

13

248

16

08

03

273

561

Quarterly Review


Name of the Mutual FundApplied for(Fund Size

in BDT)

Sl.No.

Subscribedamount in BDT

Enlisted in CDS

1

2

3

100,000,000

300,000,000

100,000,000

100,000,000

16,50,000,00

100,000,000

27.09.2020

01.09.2020

22.07.2020

CWT- Sadharan BimaGrowth Fund

EBL AML First Unit Fund

Ekush Fisrt Unit Fund

Name of the companiesApplied forIPO (Fund

Size in BDT)

Sl.No.

Subscribedamountin BDT

Enlistedin CDS

1

2

1,000,000,000

260,790,000

3,486,022,640

1,590,085,000

23.09.2020

24.08.2020

Walton Hi-Tech IndustriesLimited

Express Insurance Limited

15. Central Depository Services (CDS)

• The following Mutual Funds joined Central Depository System during July to September, 2020:

• The following Companies joined Central Depository System during July to September, 2020:

Quarterly Review


16. Management Information Systems (MIS)

• MIS Department is responsible for assisting different departments of BSEC through development of automation in their activities, development of capital market monitoring system based on computerized data analysis, informing all about securities laws and other related matters through website and thus enabling the Commission with modern information technology capacity.

• Initiatives have been taken to develop new technology based network and information technology infrastructure at the Commission’s office building. New technology-based Computers/Laptops have been provided to the officers of the Commission. The Commission currently has 100 Mbps internet connection which officers are using from their workstations on shared basis. The internet connection has been made redundant with another 100 Mbps internet connection; as a result, it has been possible to keep internet connection uninterrupted.

• New Wifi network has been implemented throughout the entire ten-storeyed Securities Commission Bhaban. At the same time next generation firewall, router and gigabit switch have been installed. The employees are getting internet facilities smoothly using Wifi network.

• BSEC has already prepared e-Service Roadmap-2021, under which new technology-based online Regulatory Information System and internal ERP is in implementation process. By this time, online based Customer Complaint Address Module and Report Submission Module have been implemented.

• The website of the Commission has already been made dynamic database driven website. Now, the website has three domains - www.sec.gov.bd, www.secbd.org and www.GmBwmwewW.evsjv. The website can be browsed through any of these three domains. The data transmission security has been enhanced by using SSL certificate on the website. Securities related acts, rules, regulations, order, directive, notification etc have been presented on BSEC’s website in an innovative way that is more helpful for users to find out information. The website of the Commission is updated on regular basis.

Quarterly Review


• The Government’s e-Nothi system has been implemented in the Commission with

the help of a2i, through which electronic filing system has been introduced replacing traditional paper based filing. As a result, paper-based filings have been transforming into electronic filing gradually. a2i has provided training to all employees of the Commission in this regard.

• MIS Department carries out various systems development, modification, website upgradation and maintenance activities as per requirement of the Commission.

• A digital transformation consultant is in the process of hiring aiming modern digital transformation in the capital market.

During January - March, 2020; Important Web Uploads:

Works NumberIPO Prospectus Upload

Mutual Fund Prospectus Upload

Right Offer Document Upload

Enforcement Actions Upload

Other Order/Notification/Directive etc. Upload

Annual Report Upload

Proposed Draft Rule Upload for Comments

Press Release

Tender

Employment Information

02

01

01

82

10

01

01

14

04

01

Quarterly Review


17. Research and Development • During the period, the following activities have been accomplished: a. Monthly report sent to the goverment as requested: 1. Report on status of achivement on Hon’ble Prime Minister’s

commitments / directions. 2. Monthly report on mentionable/important activities

b. Send information as per the demand of the Hon’ble Parliament:

c. Monthly report sent to the Central Bank as requested: 1. Monthly trade report of Capital Market. 2. Send informations for Central Bank’s Annual Report.

d. Send information for publication of ministry in accordance with needs. 1. Capital market information for Economic Review according to

needs.

2. Capital market information for publication of activities of financial institutions according to needs.

3. Send other information as per the demand of ministry. e. The following reports have been published:

Name of Work Publication Time

Annual Report (Bengali)

Annual Report (English)

Quarterly Review

Traimashik Parikrama

2019-2020

2019-2020

01

01

Quarterly Review


18. Financial Literacy Financial Literacy Department of the Commission conducts different types of Seminar, Workshop, and Conference with active participation of the investors and creates awareness among investors about investment decision process. The Department approves training program to different intermediaries of the capital market and also conduct training program for Authorized Representative of the Stock Exchanges. Departmental activities are given below:

19. International Affairs During this quarter, surveys sent from different international organizations have been responded. International Affairs Department replied several correspondences of foreign bodies concerning queries on different issues and maintained continuous liaison throughout the quarter.

ParticularSlNo

Number ofParticipants

Function and Prospect of ATB (held on July 14, 2020)



How to use DSE website ( held on September 02, 2020)

Total

1

2

3

4

130

151

108

286

675

Quarterly Review


20. Stock Exchanges’ Operational Statistics

DSE OPERATIONAL STATISTICS

* Index and Market Capitalization of the last trading day of the months have been considered as relevant figures of respective months.

CSE OPERATIONAL STATISTICS

* Index and Market Capitalization of the last trading day of the months have been considered as relevant figures of respective months.

Source: Concern Stock Exchange

TradingMonth

DSEBoardIndex(DSEX)

MarketCapitalization

in Million Tk.

No. of

TradingDays

Turnover ofSecurities inMillion (No.)

Monthly DailyAverage Monthly Daily

Average

Traded Amountin Million Tk.

July

August

September

Total

4,214.43

4,879.15

4,963.29

--

3,257,328

3,698,345

3,996,422

--

21

19

22

62

1882

6703

8175

16760

89.63

352.77

371.58

270.32

60,013.67

186,178.05

222,578.12

468,769.84

2,857.79

9,798.84

10,117.19

7,560.80

TradingMonth

All SharePriceIndex

MarketCapitalization

in Million Tk.

No. of

TradingDays

Turnoverof Securities

in Million (No.)

Monthly DailyAverage Monthly Daily

Average

Traded Amountin Million Tk.

July

August

September

Total

11957.06

13908.14

1467.22

2572761.67

2996995.52

3300773.65

21

19

22

62

70.63

275.47

347.77

693.87

3.36

14.50

15.81

11.19

3496.19

4944.11

7189.99

15630.29

166.49

260.21

326.82

252.11

Quarterly Review


21. Press Release

The Commission has issued 14 press releases on its activities during this period, which are uploaded in Commission’s website (www.sec.gov.bd, www.secbd.org and www.GmBwmwewW.evsjv).

Quarterly Review


BSEC Website Content About BSEC Notable Events Press Release Securities Laws Investor’s Information

IPO Prospectors Annual Report Quarterly Report Enforcement ActionsList of Market Intermediaries Employment Information Tender Information

Comments Request on Rules Amendment Important Links

†idv‡iÝ iæg

wmwKDwiwUR Kwgkb feb, B-6/wm AvMviMuvI, †ki-B-evsjv bMi cÖkvmwbK GjvKv, XvKv-1207, evsjv‡`k

†dvb: (88)-02-55007173-2, d¨v·: (88)-02-55007106

hv Av‡Q:

weGmBwmÕi cÖKvkbv

ZvwjKvfz³ †Kv¤úvwbmg~‡ni cÖm‡c±vm

ZvwjKvfz³ †Kv¤úvwbmg~‡ni evwl©K cÖwZ‡e`b

ZvwjKvfz³ †Kv¤úvwbmg~‡ni cÖKvwkZ Aa©-evwl©K wnmve weeiYx

wmwKDwiwU AvBb, iæjm& I †i¸‡jkbm&/†M‡RU †bvwUwd‡Kkbm&

cyuwRevRv‡ii Dci ¯’vbxq/we‡`wk cÖKvkbv

weGmBwm cÖKvkbvi MÖvnK nIqvi my‡hvM

evsjv‡`k wmwKDwiwUR A¨vÛ G·‡PÄ Kwgkb


B-6/wm, AvMviMuvI, †ki-B-evsjv bMi cÖkvmwbK GjvKv, XvKv-1207, evsjv‡`k

Website: www.secbd.org, www.sec.gov.bd, www.GmBwmwewW.evsjv

E-mail: [email protected]

quarterly review september 2020

Documents