Dhaka, July 4 -- Brokerage firms have been given two more months until August 31 to install uniform, tamper-proof back-office software -- a mechanism deemed crucial to prevent digital fraud meant to embezzle investors' money.
The stock market regulator at a meeting on Thursday extended the time following requests from the Dhaka Stock Exchange and the Chittagong Stock Exchange.
The Bangladesh Securities and Exchange Commission (BSEC), however, set different deadlines within the extended timeframe for brokers to complete the installation of the intended software.
According to the BSEC statement, out of 299 dual TREC [trading rights entitlement certificate] holders, 244 have already installed the targeted back-office software, while 47 ar...
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