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Stock BO (Beneficiary Owner) account maintenance fee reduced
Securities and exchange commission
The Bangladesh Securities and Exchange Commission (BSEC) has approved a proposal to reduce the maintenance fee for Beneficiary Owners (BO) accounts of capital market investors.
The approval came at the commission’s 971st meeting held on Tuesday, with BSEC Chairman Khondoker Rashed Maqsood in the chair, according to a press release signed by BSEC Director and Spokesperson Abul Kalam.
As per the new decision, the annual maintenance fee for BO accounts will be Tk 150.
The amount will be equally distributed among the depository, depository participants (DPs) and the commission, with each receiving Tk 50.
The new rate will come into effect for the fiscal year 2025-26 after publication in the official gazette. Investors will, however, continue to pay Tk 450 as per the previous rule for the earlier years.
Meanwhile, the deadline for payment of BO account maintenance fees has been extended again until October 15.
Earlier, following an appeal from Central Depository Bangladesh Limited (CDBL), the deadline had been extended to August 31. - UNB