Investors place 15-point demand with SEC
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The demands were submitted to the SEC, the regulatory body of the share market, at a meeting in its conference room on Sunday afternoon.
A 10-member delegation led by president of the organization Mizanur Rashid Chowdhury joined the meeting.
The investors’ organization organized the meeting with the SEC chairman with a view to overcoming the ongoing instability and solving the liquidity crisis on the share-market.
The major demands are: single-arty exposure limit has to be extended till 2013 instead of 2011 and a circular regarding this has to be issued within 24 hours, a proposal of investing 25 percent of paid-up capital of banks as per Bank Company Act has to be withdrawn making it 10 percent of deposit, attitudes of Bangladesh Bank governor and finance minister regarding the capital market have to be radically changed, investments of banks and financial institutions have to be increased to 10 percent from 3/4 percent.
After the meeting Mizanur Rashid Chowdhury told journalists that the SEC attentively heard their pleas and assured them of implementing the demands.
He also told the journalists, “Our programmes will continue until the share market is turned normal.”
Besides, the investors arranged their previously declared human chain in front of the Dhaka Stock Exchange.