RegulatoryFEDERALINS
Brokers Asked to Suspend Margin Loans for FEDERALINS Shares
Announcement summary
- What happened
- Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of FEDERALINS shares from 24 July 2016.
- Company
- Federal Insurance PLC
- Announcement published
Original announcement
DSE NEWS: The Stock Brokers, Merchant Bankers and Portfolio Manager are requested to abstain from providing loan facilities to purchase any security of Federal Insurance Company Ltd. in between 1st to 30th trading day after change of categorization, effective from July 24, 2016 as per BSEC Directive No. SEC/CMRRCD/2009-193/177 and BSEC Order No. SEC/CMRRCD/2009-193/178 dated October 27, 2015.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf2d5a6b000040061930
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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