BSEC meeting with armed forces to strengthen security

by times news cr

2024-10-07 19:01:41

Security has been beefed up to ensure that the activities of the capital market regulator Bangladesh Securities and Exchange Commission (BSEC) are done in a proper and seamless manner.

In connection with this, a meeting was held on Sunday (October 6) with BSEC Chairman Khandkar Rashed Maqsood, Director General of Bangladesh Coast Guard, Rear Admiral Mir Ershad Ali and high-ranking officers of the armed forces. At this time, BSEC Commissioner Mu. Mohsin Chowdhury was present.

This information was informed in a press release sent by BSEC on Monday (October 7).

According to the notification, the capital market is closely related to the country’s economy. BSEC is included in the Critical Information Infrastructure (CII) announced by the government. It was discussed in the meeting that the armed forces and law enforcement agencies in charge of Agargaon Sher Bangla Nagar administrative area will help to ensure proper security of BSEC. Security has been strengthened to ensure that the activities of the Bangladesh Securities and Exchange Commission, as the regulatory body of the capital market, are carried out in a proper manner and smoothly.

The press release also mentions that the Commission is holding continuous meetings and discussions with various stakeholders of the capital market on its own initiative and working tirelessly to create a transparent, dynamic, investment and investor-friendly capital market. The current commission is periodically discussing with various stakeholders related to the country’s capital market. Dhaka Stock Exchange PLC (DSE), Chittagong Stock Exchange PLC (CSE), Central Depository Bangladesh Limited (CDBL), Central Counterparty Bangladesh Limited (CCBL), Bangladesh Institute of Capital Market (BICM) met with BSEC on September 30 regarding overall reform of the capital market. , a meeting was held with the top executives of Bangladesh Academy for Securities Markets (BASM) and Capital Market Stabilization Fund (CMSF).

On October 1, DSE Brokers Association (DBA), Bangladesh Merchant Bankers Association (BMBA), Association of Credit Rating Agencies of Bangladesh (ACRAB), Bangladesh Association of Publicly Listed Companies (BAPLC), Financial Reporting Council (FRC), Institute of Chartered Accountants Of Bangladesh (ICAB) and Institute of Cost and Management Accountants of Bangladesh (ICMAB) held an exchange meeting with the top representatives.

In this continuation, there is an opportunity to sit in discussions with ordinary investors. Meanwhile, a section of investors met with the commission on October 6 and fruitful discussions took place in that meeting. Above all, BSEC is working for the constructive and sustainable reform of the capital market in the light of the opinions and suggestions of all the market stakeholders in the interests and welfare of the general investors of the country’s capital market and by increasing the confidence of the investors.

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