The New Nation - Internet Edition

Staff Reporter

The Securities and Exchange Commission (SEC) has approved Tk100 crore ICB NRB Second Mutual Fund yesterday.

The Commission at a meeting approved the biggest mutual fund in the country's capital market, SEC executive director Farhad Ahmed told reporters at his office after the meeting.

The second biggest is Grameen One Mutual Fund of Tk17 crore.

Meanwhile, the meeting extended the deadline for submitting bank account statement of every BO (beneficiary owner) holder up to June 30 this year from May19, 2008.

It also relaxed the BO holders from the requirement of their similar signature in the bank accounts and the accounts with DPs (depository participants).