A stockbroker or stock dealer is a financial professional who facilitates the buying and selling of stocks and other securities on behalf of clients. They provide market insights, execute trades, and offer investment advice to help clients make informed decisions in the complex world of stock trading. The role of stockbrokers is governed by several legal frameworks in Bangladesh, including the Securities and Exchange Commission Act, 1993 (Act no 15 section 24(1)), the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Securities and Exchange Rules, 1987, and the Companies Act, 1994. These laws establish the regulatory framework within which stockbrokers operate, ensuring transparency, investor protection, and market integrity in the country’s financial markets.
Issuing authority
Office: Bangladesh Securities and Exchange Commission (BSEC)
Address: Securities Commission Bhaban, Plot: E-6/C, Agargaon Sher-e-Bangla Nagar, Administrative Area, Dhaka-1207
Email: secbd@bdmail.net
Website: www.sec.gov.bd
Required list of all documents
- Duly filled in Form “Ka” and Form “Cha” [For onward submission to BSEC]
- Total Registration Fee amounting to Tk. 20,0007- per Registration Certificate. [In favor of “Bangladesh Securities and Exchange Commission” in the form of P.O/D.D]
- Extract of the minutes of Board Meeting of applicant company regarding issuance of Stock-Broker and/or Stock-Dealer Registration Certificate [Photocopy duly attested]
- Latest Form- XII (Particulars of Directors) of applicant company [Certified by RJSC, duly attested]
- Latest Schedule-X (Summary of Share Capital) of applicant company [Certified by RJSC, duly attested]
- Form-XV (Return of Allotment) of applicant company (if any) [Certified by RJSC, duly attested]
- Form-VI of applicant company [Certified by RJSC, duly attested]
- Deed of Agreement on Non-Judicial Stamp of Tk. 3007- with valid tenure of at least two years of the Registered Office of applicant company [Photocopy duly attested]
- Duly signed in notarized Affidavits with Notarial Certificate in original on Non-Judicial Stamp of Tk. 2007- of all Directors of the applicant company [As per the latest Form-XII (Particulars of Directors)]
- Duly signed in Guarantee & Undertaking in original on Non-Judicial Stamp of Tk. 3007- of all Directors of the applicant company [As per the latest Form-XII (Particulars of Directors)]
- Duly signed in Bio-data along with two copies of recent passport size color photograph of alt Directors of the applicant company [As per the latest Form-XII (Particulars of Directors)]
- Duly filled in GIB (Credit Information Bureau) Inquiry Form of all Directors of the applicant company [3 sets for each Director in Original]
- e-TIN Certificate & National ID card of all Directors of the applicant company [Photocopy duly attested]
- Memorandum & Articles of Association of the applicant company [2 copies in original certified by RJSC]
- Certificate of Incorporation of the applicant company [Photocopy duly attested]
- Latest Audited Financial Statements of the applicant company in original. [02 copies duly signed with seal by any 02 2 Directors including Managing Director, if any]
- Declaration of the company having adequate professional management including human resources, information technology infrastructure and financial capability [Original copy]
- Photocopy of the extract of the minutes of Board Meeting of the applicant company regarding nomination of TREC Holder Representative and signing authority, notarized Affidavits with Notarial Certificate in original on Non-Judicial Stamp of Tk. 200/-, Guarantee & Undertaking in original on Non-Judicial Stamp of Tk. 300/- [With duly signed in CV in original and photocopy of National ID card of the TREC Holder Representative of the applicant company being duly attested]
- Declaration regarding experience in securities business not less than two years of the TREC Holder Representative of the applicant company [Original copy]
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- Photocopy of the extract of the minutes of Board Meeting regarding appointment of Compliance Authority along with his/her appointment letter [With duly signed in CV in original and photocopy of National ID card of the Compliance Authority of the applicant company being duly attested]
- Declaration regarding loan status, subsidiary status of the applicant company and its sister concern, if any [Original copy]
- e-TIN Certificate of the applicant company [Photocopy duly attested]
- Duly renewed Trade License of the applicant company [Photocopy duly attested]
- Bank Account Certificate of the applicant company [Original copy]
- Trading Right Entitlement Certificate (TREC) issued by DSE [Photocopy duly attested]
- Photocopy of approval letter of the concerned regulatory authority of the parent company to form subsidiary company if the applicant company is a subsidiary company [Photocopy duly attested]
- Photocopy of extract of the minutes of Board Meeting of the parent company regarding formation of the applicant company as its subsidiary company [Photocopy duly attested]
- Latest Form-XII (Particulars of Directors) of the parent company of applicant company [Certified by RJSC, duly attested]
- Declaration of applicant company regarding formation of its Board of Directors in compliance with the rule “5Ka” of the Securities and Exchange Commission (Stock-Dealer, Stock-Broker and Authorized Representative) Rules, 2000 [Original copy]
Step by step all process
Step 1 Application Submission and Payment: The applicant company collects Forms “Ka” & “Cha” from the DSE office and submits the completed application along with the original Pay Order/Bank Draft to the DSE office. This includes depositing the required fee for the Stock-Broker and/or Stock-Dealer Registration Certificate.
Step 2 Verification and Recommendation: The DSE office verifies the submitted application and recommends issuance of the Stock-Broker and/or Stock-Dealer Registration Certificate. Subsequently, the DSE office forwards Forms “Ka” & “Cha” along with its recommendation to the BSEC office.
Step 3 Evaluation and Request for Additional Documents: Upon receiving the application and recommendation, the BSEC office evaluates the documents. If necessary, BSEC requests additional documents to further validate the information provided by the applicant.
Step 4 Decision and Issuance: Based on the submitted documents, the BSEC office decides whether to issue the Stock-Broker and/or Stock-Dealer Registration Certificate. If approved, BSEC issues the Registration Certificate to the applicant company. If rejected, BSEC notifies the applicant company in writing, specifying the reasons for rejection.
Fee schedule
Stock-Broker and/or Stock-Dealer Registration Certificate issuance fee: A Pay Order/Bank Draft of BDT 20,000/- issued by any Schedule Bank of Bangladesh for each Registration Certificate
Official time limit
45 days
Actual time limit
Renewal process
Required list of all documents
1. A complete Application in Forms “Gha” & “Chha” [
2. Pay Order/Bank Draft as fee for renewal of Stock-Broker and/ or Stock-Dealer Registration Certificate
3. Recommendation of DSE
4. Expired copy of the previously issued Stock-Broker and/or Stock-Dealer Registration Certificate
5. Margin Agreement, if any
6. Latest Audited Financial Statements of the company
Step by step all process
Step 1 Collection and Submission of Application Forms: The applicant company collects the application forms “Gha” & “Chha” from the DSE office. Once the forms are completed, the applicant company submits them along with the original copy of the Stock-Broker and/or Stock-Dealer Registration Certificate and a Pay Order/Bank Draft as the renewal fee. The payment must be deposited in any scheduled bank of Bangladesh. All documents must be forwarded to the BSEC office at least 30 days before the expiration of the certificate’s validity.
Step 2 Verification, Recommendation, and Initial Review: The DSE office verifies the submitted application and provides a recommendation. The BSEC office receives the application along with the recommendation, conducts an initial review, and may request additional documents if necessary to enhance the credibility of the information.
Step 3 Decision Making and Notification by BSEC Office: Based on the submitted documents, the BSEC office decides whether to renew the Stock-Broker and/or Stock-Dealer Registration Certificate of the applicant company. If the application is approved, the certificate is renewed. If the application is rejected, a letter is issued to the applicant company stating the reason for rejection.
Fee schedule
Stock-Broker/Stock-Dealer Registration Certificate renewal fee: BDT 10,000/- for each Registration Certificate
Official time limit
Time may vary
Actual time limit