Ninety-three beneficiary owner (BO) accounts linked to Sayadur Rahman and Abul Khayer, known as Hiru, and five other individuals has been allowed to resume limited share trading after the Bangladesh Securities and Exchange Commission (BSEC) conditionally lifted restrictions on them.
The decision, effective immediately, was issued on Thursday, following the commission’s 1,037th meeting.
The accounts had been frozen under an earlier BSEC order issued on August 21, 2024.
The seven individuals named in the latest order are Md Sayadur Rahman, Ferdoushi Begum, Md Abul Khayer, Kazi Sadia Hasan, Abul Kalam Matber, Konika Afroze and Sajed Madbar. They hold 11, 5, 32, 23, 8, 10 and 4 BO accounts, respectively.
The relaxation does not apply to any account subject to restrictions imposed by a court, the Anti-Corruption Commission, the National Board of Revenue, the Bangladesh Financial Intelligence Unit or another competent authority.
Under the new conditions, the account holders can conduct normal securities transactions, except transfers, transmissions and block-market transactions.
They can also adjust margin financing in accordance with the Margin Rules 2025.
However, no money can be withdrawn from or transferred out of the accounts. Shares held under pledge, lien or lock-in arrangements will also remain outside the scope of the permitted trading facilities.
The commission said the restrictions were designed to protect investors’ interests, maintain normal trading conditions and prevent unauthorised transfers or withdrawals of money and securities through the accounts.
The Central Depository Bangladesh Limited will verify whether any separate restrictions imposed by other authorities remain in force before applying the relaxation. Any such restrictions will continue to apply even if an account is included in the BSEC order.
The Dhaka Stock Exchange, Chittagong Stock Exchange and CDBL have been instructed to ensure compliance with the conditions and submit monthly reports to the commission by the 10th of each month, covering the preceding month.
