Dhaka, Nov. 26 -- The securities regulator has granted additional time to eight more market intermediaries to ensure compliance with provisioning requirements for unrealised losses and to adjust negative equity.

The extension will take effect after December 31 this year, when the current deadline expires.

"Some institutions have been given one more year, some two years, while others have received extensions up to 2030 or even 2032," said Abul Kalam, director and spokesperson of the Bangladesh Securities and Exchange Commission (BSEC).

The BSEC granted the extra time based on action plans submitted by the intermediaries - stockbrokers, dealers, and merchant banks - and endorsed by their respective boards.

The firms are City Brokerage, ...