BSEC is working on the technical aspects of the change, which will likely be implemented in phases, starting with blue-chip stocks.
The public is asked to inform the Foreign Exchange Department of CBSL of any person, institution or any other entity that is engaged in unauthorized FX dealings.
Currently only bank depositors are protected and customers of other types of deposit-taking financial institutions are not covered.
National Bank of Pakistan is required to pay penalties, correct deficiencies in its AML compliance, and submit quarterly progress reports on remedial actions taken.
This is the third green bond fund launched by the BIS. It will help channel central bank reserves to green projects in the Asia and Pacific region.
The relaxation will allow for easier issuance of loans and credit, thereby helping to accelerate business activities across the country, Bangladesh Bank said.
The BSEC eased the limit in response to requests from merchant bankers. Stock exchanges are directed to provide registration to investors free of cost.
Foreign companies will now only have to retain financial advisors for 1 year after listing and the quiet period of strategic shareholders has been shortened to 1.5 years.
The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.
The new mobile app is expected to lower the cost of inward remittances by foreign workers and reduce the use of black market channels.
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