The securities regulator has directed both the bourses to launch an integrated online platform for data gathering and information submission and dissemination.
The Bangladesh Securities and Exchange Commission (BSEC) has issued an order to this effect recently.
According to BSEC order, both the stock exchanges will have to submit a report to the securities regulator regarding the commencement of digital submission and dissemination platform within 15 working days.
The officials of the securities regulator said the order has been issued in line with the theme of 'Digital Bangladesh'.
The listed companies' information regarding applications, shareholding reports, declarations, corporate actions, financial disclosures, publication and dissemination of price sensitive information (PSI) and material information can be submitted to the platform.
The BSEC order said, "in case of using the digital platform, both the bourses will have to keep records of all submissions and information in both soft and hard copies in such a way that subsequent use or verification can be undertaken by the commission and such hard copies must be duly authenticated."
Both the stock exchanges have also been asked to notify all listed companies and issuers of securities and mutual funds about the provisions of this order.
