Demonstration on changes to Electronic Subscription System held at CSE’s Dhaka office

The Chittagong Stock Exchange (CSE) and Dhaka Stock Exchange (DSE) on Monday organized a demonstration on changes to the new joint Electronic Subscription System (ESS) at the CSE office in Dhaka. The program was organized in order to make investors aware of new directives regarding the code of conduct of eligible investors on ESS. A detailed presentation on the theoretical and practical aspects of this new IPO application process was delivered at the event. The demonstration began with a welcome speech from CSE Dhaka Office-in-Charge Md Ghulam Faruque, while the program was conducted by DSE’s DGM-Formation of the CCP Department Mohamaed Imam Hossain and Listing Affairs Department Manager Md Jalilur Rahman. CSE DGM and Head of IT Services Hasnain Bari, and IT Department Manager  Mohammed Morshed Alam were also present. The latest amendment to the Bangladesh Securities and Exchange Commission (Pubic Issue) Rules 2015 were published through a gazette on July 6, 2017. As per the amendments, all eligible institutional investors have to apply for all IPOs at a fixed price through the CSE and DSE’s joint new ESS. IPO applications through the new ESS began in September 2017. A new directive on the code of conduct of eligible investors was added on February 20, 2018.