Circulars/Notifications - Banking Supervision Department  
 BSD Circular No. 32
14 September , 2001  

All Banks / NBFIs, 

Dear Sir,

Prudential Regulation-VI / Rule–10 of NBFIs Rules of Business
Review of instructions on financing facilities against shares

 

Please refer to instructions contained in BPRD Circular Letter No.48 dated October 23, 1999 read with BPRD Circular No.34 dated October 20, 1999 addressed to banks and BPRD Circular No.36 dated October 27, 1999 addressed to NBFIs, in terms of which facilities against shares of listed companies were, interalia, subject to minimum margin requirement of 30% of their average market value of the preceding 12 months. 

2.            Effective from September 15, 2001, it has been decided to reduce the aforesaid margin requirement from 30% to 25% of the average market value of preceding 12 months.  Banks / NBFIs are however, free to set a higher margin requirement keeping in view other factors as hithertofore.

3.         All other instructions on the subject shall remain unchanged.

            Please acknowledge receipt.



Yours faithfully,
(SHOAIB AHMAD)
Senior Joint Director
       
Home
About SBP
Publications
Economic Data
Press Releases
Circulars/Notifications
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
Feedback
Contact us
What's New?
Speeches
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Library
Rupey ko Pehchano
Events
Zahid Husain Memorial Lecture
Careers
Sitemap
 
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.