Business Report :
Bangladesh RACE Management PCL in response to the recent order by Bangladesh Securities and Exchange Commission dated 24 June 2024, assures the Honorable Commission and all stakeholders that all listed and non-listed securities of mutual funds are securely held by the custodians, with 97per cent of the assets under the supervision of respective Custodians. The remaining assets are also managed under strict protocols to ensure their safety and integrity.
Various types of mutual fund accounts, including Custodian DP Accounts, Custodian DP and Brokerage Trading Omnibus Accounts, Brokerage Trading (Parent) Accounts, Brokerage Trading (Link) Accounts, Brokerage Suspense Accounts, and Brokerage Fractional Accounts, serve distinct and valid purposes in the lawful management and settlement of mutual fund transactions. These accounts ensure that all mutual fund operations are conducted with utmost transparency and security.