Business

BO account maintenance fee reduced to Tk 150

The fee was reduced to Tk 450 from Tk 500 in 2016

The Bangladesh Securities and Exchange Commission (BSEC) has decided to reduce the maintenance fee of beneficiary owner's (BO) accounts to Tk 150 from Tk 450.

Today, the stock market regulator made the decision in principle at a commission meeting held at the BSEC building in the capital.

Stock market investors have long been demanding a reduction in the maintenance fee.

In 2016, the securities regulator reduced the fee to Tk 450 from Tk 500 for each BO account.

Today, the regulator also decided that stock brokers must submit 25 percent of the interest income from consolidated customers' accounts to the investors' protection fund of the stock exchange.

Brokers will be allowed to use the remaining interest income.

In today's meeting, the BSEC also approved the Chittagong Stock Exchange (Commodity Derivatives) Regulations, 2025, allowing the port city bourse to launch commodity market operations soon.

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