Bangladesh’s capital market regulator extended, with conditions, the deadline for provisioning and adjustment requirements for six intermediary institutions, offering relief to firms facing negative equity and unrealised losses.
The decision was taken at the 989th commission meeting of the Bangladesh Securities and Exchange Commission (BSEC), held at its conference room in Dhaka, according to a press release.
The meeting was chaired by BSEC Chairman Khondoker Rashed Maqsood.
Under a notification issued after the meeting, the commission approved the extension after reviewing action plans submitted by the institutions on how they intend to address provisioning gaps linked to negative equity and unrealised losses.
The intermediaries granted the extension are NBL Securities Limited, Unicap Securities Limited, LankaBangla Securities Limited, New Era Securities Limited, Kabir Securities Ltd and NBL Capital and Equity Management Ltd.
The move underscores persistent financial stress among capital market intermediaries and follows a similar extension granted by the regulator earlier in November.
