Dhaka, July 6 -- Under newly amended regulations, stockbrokers and dealers are now permitted to retain up to 75 percent of the interest earned from clients' funds held in the Consolidated Customer Account (CCA), according to the latest changes to the Securities and Exchange Rules, 2020.
Published in a government gazette on 3 July, the amendment introduces a framework that aims to balance operational flexibility for brokers with improved investor protection and transparency.
As per the revised rules, brokers must deposit the remaining 25 percent of interest income into the Investors' Protection Fund maintained by their respective stock exchanges. These deposits are to be made every six months, within 30 days of the close of each period.
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