2024-09-30 00:33:23
Bangladesh Securities and Exchange Commission (BSEC) is working tirelessly for the overall development and reform of the capital market of Bangladesh. The organization has taken the initiative of formulating a roadmap for the development and reform of the capital market. The roadmap will be formulated in consultation with various stakeholders related to the capital market.
Saturday (September 28) on behalf of the spokesman of BSEC public relations officer. This was stated in the press release signed by Mohaiminul Haque.
As mentioned in the press release of BSEC, the current commission has already held an exchange meeting with the officials of all levels of BSEC on September 23, 2024 to discuss the possible reforms aimed at the overall development of the capital market. BSEC has decided to hold an exchange meeting with all participants of the capital market to prepare a roadmap for the development and reform of the capital market.
Following this, Dhaka Stock Exchange PLC (DSE), Chittagong Stock Exchange PLC (CSE), Central Depository Bangladesh Limited (CDBL), Central Counterparty Bangladesh Limited (CCBL), Bangladesh Institute of Capital will meet with BSEC on September 30 regarding the overall reform of the capital market. Market (BICM), Bangladesh Academy for Securities Markets (BASM) and Capital Market Stabilization Fund (CMSF) top executives will have an exchange meeting.
On October 1, DSE Brokers Association (DBA), Merchant Bankers Association Bangladesh Merchant Bankers Association (BMBA), Association of Asset Management Companies and Mutual Funds (AAMCMF), Association of Credit Rating Agencies of Bangladesh (ACRAB), Discussions will be held with organizations and institutions such as Bangladesh Association of Publicly Listed Companies (BAPLC), Financial Reporting Council (FRC) and Institute of Chartered Accountants of Bangladesh (ICAB).
Also, BSEC will hold a discussion meeting with relevant ministries/departments, law enforcement agencies, related regulatory agencies and other important capital market related associations, chambers, agencies and investors’ organizations regarding the overall reform of the capital market.
Through the exchange meeting, there will be a detailed discussion on the overall reform of the capital market with the top representatives of the market related institutions and allied organizations and their opinions will be taken.
The notification also informed that BSEC believes that the sustainable development and reform of the market can be implemented with the participation of capital market participants. Above all, BSEC is determined to build a transparent and prosperous capital market with the input, participation and cooperation of all those concerned with the country’s capital market following the ongoing process of reform.
The Commission is committed to establish the capital market as an ideal area for investment by ensuring good governance in all aspects of the country’s capital market. The Commission’s efforts continue to safeguard the interests of investors and ensure their overall protection. At the same time, the commission is constantly working to ensure institutional good governance and accountability in the market. To eliminate capital market irregularities, the commission is taking regular monitoring, surveillance, regulatory compliance, and expedited action against those involved in market manipulation as per the law.