The regulatory body Bangladesh Securities and Exchange Commission (BSEC) has exchanged views with DSE Brokers Association of Bangladesh (DBA), an organization of brokerage houses, on the development and current situation of the capital market. The meeting laid special emphasis on constructive and sustainable reforms to increase investors’ confidence in the capital market. Following the ongoing process of reforms, the BSEC said that it is working to build a transparent and prosperous capital market with the opinion, participation and cooperation of all those related to the country’s capital market.
This information was informed in the press release signed by BSEC Executive Director and Spokesperson Mohammad Rezaul Karim on Monday (October 14).
According to the press release, an exchange meeting of the top representatives of DSE Brokers Association was held with the Bangladesh Securities and Exchange Commission on October 14 for the overall development of the capital market.
Chairman of the organization, Khandkar Rashed Maksud, Commissioner Mu. Mohsin Chowdhury, Md. Ali Akbar, Farzana Lalarukh and executive directors were present. On behalf of DBA, the president of the organization Saiful Islam, senior vice-president Md. Saifuddin, vice-president Omar Haider Khan, director Mamun Akbar and former attendant Minhaj Mannan Imon.
BSEC Chairman Khandkar Rashed Maksud, in his opening speech at the exchange meeting, urged all those related to the country’s capital market to play a necessary and appropriate role in the development and reform of the capital market from their respective positions. He said that in order to build a prosperous and successful capital market, the regulatory body as well as all the stakeholders related to the capital market should come forward.
He mentioned that the development and reform of the capital market is possible only through the cooperation and support of all. Besides, BSEC has formed a task force for the reform of the capital market and the task force has already started its activities, he said.
The notification also mentions that, in the meeting, the top representatives of DSE Brokers Association presented their views and suggestions regarding the overall development and reform of the stock market of the country. At this time, there was an open discussion about various obstacles and solutions in the development and development of the country’s capital market.
In the discussion meeting, among others, proposals for reform of integrated customer account (CCA) reporting and profit from CCA, reform and development of regulatory structure of capital market, ensuring proper monitoring and good governance of capital market, bringing necessary reforms in IPO process, implementation of initiative to launch integrated back office software in capital market, Ensuring the flow of correct information in the capital market, ensuring the protection of important price sensitive information, taking initiative in the reform related to margin loan interest, taking coordinated initiative with the relevant government institutions and organizations for the reform related to the tax policy imposed in the capital market and creating an environment suitable for investment in the capital market, etc. proposals came up in the discussion of the meeting. Special emphasis is placed on the need for constructive and sustainable reforms by increasing investor confidence in the capital market. Above all, in the meeting, everyone is urged to work for the reform and development of the country’s capital market through the coordinated initiative of institutions and organizations related to the capital market.
It should be noted that 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 ( The top executives of BICM), Bangladesh Academy for Securities Markets (BASM) and Capital Market Stabilization Fund (CMSF) met.
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.
Apart from this, an exchange meeting was held with the current commission on September 23 with the BSEC officials at all levels to discuss possible reforms aimed at the overall development of the capital market. At the same time, BSEC held a meeting with ordinary investors on October 6 and 9. Following the ongoing process of reform, BSEC is working to build a transparent and prosperous capital market with the input and participation of all those concerned with the country’s capital market and with the cooperation of stakeholders.
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = ”
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));