Home ›› 06 Mar 2022 ›› Stock
The capital market has had more than 27,000 beneficiary owner (BO) accounts holding over Tk 50 lakh.
According to the data of Central Depository Bangladesh Ltd (CDBL), the number of BO accounts was 20 lakh on November 23 last year, of which 4.63 lakh accounts held more than Tk 5 lakh to Tk 50 lakh.
There were 185,596 stock investors with more than Tk 5 lakh to Tk 10 lakh and 1,12,438 investors with Tk 10 lakh to Tk 20 lakh during the period, according to the CDBL data.
There are a total of 62,463 stock investors with a value of Tk 20 lakh in the capital market and 43,126 investors with more than Tk 30 lakh.
As of November 23 last year, 33,093 stock investors had more than Tk 40 lakh and 27,030 investors had more than Tk 50 lakh.
Meanwhile, of the total 20 lakh accounts, 14.98 lakh belonged to males and 5.02 lakh to female investors.
As per the existing rule, a person can open only a single BO account using his/her national identity card, bank account, and phone number.
Opening a BO account with the CDBL through a depository participant is mandatory for trading shares at stock exchanges. Any investor maintaining a minimum investment of Tk 20 lakh will be eligible as a qualified investor for trading securities listed on the SME platform of the bourses.
The figure is 60 per cent down from the existing Tk 50 lakh required to be a qualified investor, according to a notification issued by the Bangladesh Securities and Exchange Commission (BSEC) on February 17 this year.
The decision was taken to popularise the SME companies on stock exchanges for the greater benefit of investors and entrepreneurs, said BSEC officials.
According to the notification, investors registered with the electronic subscription system of the exchanges at the time of qualified investor offers, and any investors maintaining a minimum investment of Tk 20 lakh in the listed securities at the market value or cost, whichever is higher, as per the portfolio statement, will be eligible as qualified investors for the purpose of trading on the small capital platform’s companies.
The conditions for qualified investors made it easier to expand the bourses' SME platform, said an official.
As per the notification, the Central Depository Bangladesh will provide detailed information on eligible investors on the basis of the conditions to stock exchanges on a quarterly basis and will register and update such a list of eligible investors accordingly.
The stock market regulator said the stock exchanges will provide fully automated registration at no cost for the purpose of trading the listed securities on the SME platform.
