DSE issues instructions to bring 52 brokerage firms in activities

The Dhaka Stock Exchange (DSE), the country’s main stock exchange, has issued licenses the Trading Right Entitlement Certificate (TREC) to 52 new brokerage firms in early September for trading shares. However, after more than a month and a half, no newly licensed brokerage house has been able to start commercial activities. In this situation, the Bangladesh Securities and Exchange Commission (BSEC) has issued directives to the DSE to take necessary steps for the brokerage houses to start commercial activities soon.

In a letter to the DSE, the BSEC stated that the DSE has already issued licenses to 52 brokerage houses to start commercial activities immediately. However, no new brokerage house has started trading activities so far. In this situation, the DSE is directed to take necessary steps bring the newly TREC holder houses to start commercial activities immediately. BSEC also asked DSE to submit a report within seven working days after receiving the letter.