CSE demonstrates changes in ESS

 A latest amendment to the Bangladesh Securities and Exchange Commission (Pubic Issue) Rules, 2015 was gazetted on 6^th July, 2017. As per the amendments, all eligible institutional investors have to apply for all IPOs at fixed price from now through the CSE and DSE’s joint new Electronic Subscription System (ESS). It is mentionable that IPO application by the eligible institutional investors has already started through ESS process. Since September 2017. A new directive regarding the code of conduct of eligible investors has added last 20 February 2018 by BSEC.

Earlier the demonstration program on the new changes of IPO Application had arranged at CSE Dhaka Office on 07 May 2018 for in where CSE TRECH personnel’s have participated in the program. On that continuation CSE and DSE has jointly organized a Demonstration Program on Electronic Subscription System on 10 May, 2018 at its Chittagong Office to aware the investors regarding the new directives regarding the code of conduct of eligible investors on ESS and its applicable sides. Detailed presentation was given on the theoretical and practical aspects of this new IPO application process.

The program started with the welcome speech of CSE’s Managing Director Mr. M. Shaifur Rahman Mazumdar. The program was conducted by DSE’s DGM-ICT department Mr. Mohamaed Imam Hossain and Manager, Listing Affairs Department, Mr. Mr. Ananta Kumar Sarker and Mr. Rajib Sarker, Executive ICT. Among others, Mohammad Sahmsur Rahman, CRO, Mr. Monirul Haque, DGM and Head Listing, Clearing DP and Mr. Arif Ahmad, AGM and Head of Training and Development were present.