BSEC extends deadline for provisioning of 8 market intermediaries

BSS
Published On: 25 Nov 2025, 17:16

DHAKA, Nov 25, 2025 (BSS) - The Bangladesh Securities and Exchange Commission (BSEC), the country’s capital market regulator, has decided to conditionally extend the deadline for provision conservation and adjustment for eight additional intermediary institutions. 

This decision aims to provide relief to firms struggling with deficits related to negative equity and unrealized losses.

The decision was finalized during the 985th Commission meeting of the BSEC, held today at the BSEC conference room in the city, said a press release. 

The meeting was chaired by BSEC Chairman Khondoker Rashed Maqsood.

The institutions benefiting from this time extension include a mix of stock broker-dealers and merchant banks. 

According to a BSEC notification, the extension was granted after the commission reviewed and considered the action plan submitted by these institutions regarding the provisioning and adjustment of their negative equity and unrealized losses.

The eight institutions are: City Brokerage Limited, One Securities Limited, Standard Bank Securities, BD Sunlife Securities Limited, IFI C Securities, Apex Investments Limited, Abasi Investment Limited, and Sonali Investment PLC.

This latest regulatory action highlighted a continuing trend of financial stress among capital market intermediaries. This extension follows a similar decision made by the BSEC earlier in November. 

At the 984th Commission meeting on November 14, the BSEC had already granted a conditional time extension to 28 other institutions facing issues related to negative equity and insufficient provision coverage for unrealized losses.

Collectively, these two recent commission meetings have addressed provision deficiencies and financial distress among at least 36 intermediary institutions operating in the capital market, offering them conditional regulatory forbearance to remedy their financial deficits.

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