No speculative speak on stock mkt, officials told
Dhaka, Feb 22 – The government has
told public authority not to make any comment or take any decision on
certain stock market issues without consulting the Securities and
Exchange Commission (SEC).
The capital market regulator published the order issued by the Banking and Financial Institutions Division of the finance ministry on its website on Wednesday and finance minister give an interview on the media news.
The order termed the stock market 'very much sensitive' and apprehended that comments by individuals or organizations without understanding the market 'may create unrest there'.
"So, the Securities and Exchange Commission needs to be consulted, taken advise from and coordinated before anyone comments or gives decision on the stock market," it reads.
The order specifically warned the officials of the government, semi-government or statutory organizations against making any speculative comment in media.
It mentioned eight specific issues not to be commented upon without consultation with the Securities and Exchange Commission.
The issues include shares of any state-owned company or government shares of any firm hitting the market; proposal, explanation or analysis in national budget with regard to taxes related to the stock market; and any National Board of Revenue circular or policy related to the capital market.
The capital market regulator published the order issued by the Banking and Financial Institutions Division of the finance ministry on its website on Wednesday and finance minister give an interview on the media news.
The order termed the stock market 'very much sensitive' and apprehended that comments by individuals or organizations without understanding the market 'may create unrest there'.
"So, the Securities and Exchange Commission needs to be consulted, taken advise from and coordinated before anyone comments or gives decision on the stock market," it reads.
The order specifically warned the officials of the government, semi-government or statutory organizations against making any speculative comment in media.
It mentioned eight specific issues not to be commented upon without consultation with the Securities and Exchange Commission.
The issues include shares of any state-owned company or government shares of any firm hitting the market; proposal, explanation or analysis in national budget with regard to taxes related to the stock market; and any National Board of Revenue circular or policy related to the capital market.
Mentioned about a circular of government officials investing in risky business published and with held few month ago.
