Dhaka Stock Exchange (DSE) has decided to issue new TREC (Trading Right Entitlement Certificate) for conducting trading activities in the capital market.
The premier bourse on Tuesday took the decision at a board meeting following a recent instruction of the securities regulator.
"The board has taken the decision to issue new TREC to new firms having the quality of complying with relevant rules and regulations and the demutualisation scheme," said a release of the premier bourse.
The securities regulator recently has asked both the bourses to submit a detailed plan within 15 days regarding the issuance of new TREC.
The regulatory instruction came as part of the demutualisation process of the stock exchanges.
As per the demutualisation scheme, the bourses were supposed to issue new TREC on completion of five years after the demutualisation.
Both the bourses completed its demutualisation process in November, 2013 and five years of completing demutualisation also ended in November 20, 2018.
In March, 2019 the securities regulator formulated rules for issuing new TREC by both the bourses.
