The Dhaka Stock Exchange has organised a workshop for the officials of banks and non-banking financial institutions to discuss policy on handling pledged shares.
The DSE Training Academy and the Listing Affairs Department brought together professionals from banks and NBFIs to way forward to handle pledged shares from the moment they (companies) are used as collateral for a loan to the point of forfeiture.
The workshop, titled 鈥楩orfeiture of Pledged Shares by DSE Listing Regulations for Banks and NBFIs,鈥� was held on Wednesday.
Major General (Retd.) Mohammad Kamruzzaman, a director at DSE, kicked off the event by calling it 鈥榚xtremely relevant and timely.鈥�
He emphasised that the workshop was designed to provide a solid foundation in the rules surrounding securities pledging, release, and forfeiture, all in line with DSE listing regulations and CDBL bylaws.
He added that while understanding the rules is crucial, practicing ethics is just as important for building a clean capital market.
DSE鈥檚 Chief Operating Officer and Acting Managing Director, Mohammad Asadur Rahman, FCS, also spoke, noting that DSE plans to make these types of programs a regular occurrence.
He highlighted that the hybrid format鈥攐ffering both online and in-person attendance鈥攎akes it easier for more people to participate.
Later, Md Rabiul Islam, head and assistant general manager of the DSE Listing Affairs Department, walked participants through the legal side of pledging and forfeiture.
Meanwhile, Rakibul Islam Chowdhury, General Manager of Central Depository Bangladesh Limited, delved into the specifics of DP operations related to pledged shares.
