Bangladesh, Sept. 13 -- The premier bourse has moved to expand its stake in the proposed clearing company and ensure dominance on its board before the company is registered with the securities regulator and comes into operation.

Advertisement To this effect, a proposal to amend the articles of association of Central Counterparty Bangladesh Ltd. (CCBL) will be placed at the EGM (extraordinary general meeting) to be held on Monday.

Shareholders of the Dhaka Stock Exchange (DSE) said they want a higher stake - currently 45 per cent under the existing rules - in the clearing company, as the CCBL's revenue would mostly come from daily transactions on the premier bourse.

The resolution to be placed at the meeting will also propose changing t...