The securities regulator has formed a committee to fix the definition of 'free-float' in a bid to implement the new benchmark DSE general index (DGEN) under free-float method, officials said.
The decision comes after the Securities and Exchange Commission (SEC) Monday held a scheduled meeting with the representatives of both the bourses and Central Depository Bangladesh Limited (CDBL) to discuss the implementations of new DGEN.
The SEC Member Arif Khan will lead the committee comprised with other representatives of Dhaka and Chittagong Stock Exchange and CDBL. The committee will submit a report within fifteen days to the securities regulator.
The SEC's latest move in fixing the definition of free-float was taken in line with the recommendation of SEC's index committee to revise DSE's existing DGEN under free-float method with a base point of 1,000.
A top SEC official told the FE that the securities regulator has formed another committee to fix the definition of free-float by removing any confusion or controversy.
The decision comes after the Securities and Exchange Commission (SEC) Monday held a scheduled meeting with the representatives of both the bourses and Central Depository Bangladesh Limited (CDBL) to discuss the implementations of new DGEN.
The SEC Member Arif Khan will lead the committee comprised with other representatives of Dhaka and Chittagong Stock Exchange and CDBL. The committee will submit a report within fifteen days to the securities regulator.
The SEC's latest move in fixing the definition of free-float was taken in line with the recommendation of SEC's index committee to revise DSE's existing DGEN under free-float method with a base point of 1,000.
A top SEC official told the FE that the securities regulator has formed another committee to fix the definition of free-float by removing any confusion or controversy.
