BSEC considers unfreezing frozen BO accounts of big investors
Bangladesh, Nov. 4 -- The securities regulator has decided in principle to withdraw trading restrictions from BO (beneficiary owner's) accounts of big investors. The accounts have remained frozen over accusations of misconduct and non-compliance with the securities rules.
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Sources familiar with the decision said the regulator would allow only transactions and adjustments against margin loans in those BO accounts. No withdrawal of funds would be allowed.
An official of the Bangladesh Securities and Exchange Commission (BSEC) said the funds of lenders had remained blocked since the freezing of the accounts.
"It will not be rational to block the funds, disbursed as margin loans, of the market intermediaries, while punishing ...
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