Bangladesh Bank gave special fund investment limits

Posted by BankInfo on Tue, Apr 18 2017 10:33 am

Bank News 4 dots kamah Special Purpose and stock unlisted fund, the bank's investment ceiling has set Bangladesh Bank. From now on a bank of the fund 00 million invested more than not being able to. Tuesday, Bangladesh Bank in this regard, a guideline to create a notification has been issued.

Such investments in the stock market the bank's investment (Exposure) shall not be.

According to the guidelines, Special Purpose vehicle, the Alternative Investment phandasaha commitment to investing in the fund before the bank's board of directors will decide. Then, the Bangladesh Bank approval would ask. Bangladesh Bank offsite supervision in the application must be submitted.

The application associated with the fund or funds, all information should be submitted. The Bangladesh Bank to suit the needs of the bank's capital, liquidity, assets and liabilities of the quality and quantity of the latest information to give.

The rules of the Bangladesh Securities and Exchange Commission (SEC) registered in the Special Purpose Fund applies.

Guidelines accordance with the terms of the investment bank in connection with any party or investor Bank shares / debentures / bonds or other instruments investments can not be.

news:new 24 com./18-apr-2017
Posted in Banking, News

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