Presented by Ruksana Chowdhury Executive Director, SEC SECURITIES AND EXCHANGE COMMISSION Capital Market Intermediaries Their Registration and Functions Presented by Ruksana Chowdhury Executive Director, SEC

Market Intermediaries Stock Broker Stock Dealer Authorized Representative Merchant Banker Asset Management Company Trustee Credit Rating Company

Concerned Rule wmwKDwiwUR I G·‡PÄ Kwgkb (óK-wWjvi, óK-‡eªvKvi I Aby‡gvw`Z cÖwZwbwa) wewagvjv, 2000 wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 wmwKDwiwUR I G·‡PÄ Kwgkb (wgDPz¨qvj dvÛ) wewagvjv, 2001 Credit Rating Companies Rules, 1996

Registration Requirements Stock Broker & Stock Dealer Required to be Member of the Stock Exchange Applicant Status- Company/Statutory Body Capital Adequacy and net worth Merchant Banker Portfolio Manager Trustee of the Mutual fund, Custodian or Asset Management Company are not eligible for registration Clean CIB Report

Registration Requirements Applicant or its director must not be convicted of forgery or criminal offence Applicant or its director cannot be declared as insolvent or unsound mind by the Honorable Court Applicant or its director cannot be Member of stock broker, stock dealer whose registration has been cancelled in the last 3 (three) years Compliance Officer

Registration Requirements Authorized Representative Age limit Qualification Training Must not be convicted of forgery or criminal offence Can never get punishment by Securities and Exchange Commission or Stock Exchange

Registration Requirements Merchant Banker Applicant Status- Company/Statutory Body Office Space, required logistic support Officers-Experience in relevant field Capital Adequacy Cannot be involved in security related case, convicted of immoral activities Clean CIB Report Stock Broker, Stock Dealer Asset Management Company Trustee and Custodian of Mutual Fund are not eligible for registration Compliance Officer

Registration Requirements Trustee Applicant Status-Company, Bank, Financial Institution or Statutory Body Capital Adequacy and Net worth Clean CIB Report Reputation Applicant or is director cannot be Sponsor or Asset Management Company of Mutual Fund, Stock Dealer, Stock Broker, Merchant Banker, Portfolio Manager or applicant or its subsidiary or cannot be in any relation with the above. Chief Executive Officer-Qualification and Experience Business place, required logistic support

Registration Requirements Credit Rating Company Applicant Status- Public Limited Company Capital Adequacy Technical Collaboration Arrangement with reputed Credit Rating Company No director, officer or employee of such company has been convicted of fraud or breach of trust or has been adjudicated as insolvent. Opinion of the Commission-Integrity and special knowledge regarding promoter of such company. Professional Staff – qualification and experience Compliance Officer. Clean CIB Report

Functions Stock Dealer is engaged in Trading Securities in its own account Stock Broker is engaged in Trading Securities in customer’s account Authorized Representative is responsible for Trading Securities according to the concerned Rules. Merchant Banker acts as Issue Manager, Underwriter Portfolio Manager and corporate adviser.

Functions Asset Management Company performs all the functions associated with Fund management. Trustee of the Mutual Fund protect the interest of unit holder, monitors the activities of AMC & keeps property of Mutual Fund under Trust management. Credit Rating Company acts as an Investment adviser company which intent to engage in or is so engaged primarily in the business of evaluation of credit or investment risk through a recognized and formal process of assigning rating to present or proposed loan obligations or equity of any business enterprise

Thanking you