2024-07-01 06:46:40
Commissioner of Bangladesh Securities and Alternate Fee (BSEC). Sheikh Shamsuddin mentioned, to make mutual funds extra fashionable, buyers must create confidence. It’s essential to work in a coordinated method to additional develop this sector. In addition to, transparency must be ensured on this sector.
He mentioned this whereas addressing a workshop titled ‘Seminar on Integrity and Compliance Points for the Asset Administration Firms’ attended by asset administration firms working within the capital market on the convention corridor of BRAC CDM situated in Gazipur on Saturday (June 29).
This data has been knowledgeable in a press launch despatched by BSEC.
He mentioned that the modified mutual fund guidelines have been ready with the suggestions of the stakeholders and it’ll be applied very quickly. He mentioned that extra reference to the sector involved is required to convey higher ends in all areas together with integrity and compliance.
The BSEC commissioner additionally mentioned that BSEC will present every kind of cooperation to the involved events to make sure that the mutual fund sector turns into stronger and that this sector can play an vital position within the nation’s financial system.
Within the concluding speech of the occasion, BSEC Government Director Mohammad Rezaul Karim emphasised on the necessity for all stakeholders to work collectively as a workforce to make sure good governance within the sector for the event of Bangladesh’s mutual fund trade and commented that higher work will be accomplished by means of coordination. He commented that mutual funds are making an vital contribution to the financial system, capital market and funding within the international context.
Rezaul Karim mentioned, if the mutual fund sector can achieve the arrogance of buyers by making certain good institutional governance and make them focused on investing on this sector, will probably be doable to extend this sector manifold.
Mahbubur Rahman Chowdhury, government director of BSEC and motion plan focus officer relating to BSEC’s nationwide sanitation technique, spoke as a particular visitor on the workshop. Focal Level Officer and Joint Secretary Badre Munir Ferdous of the Monetary Establishments Division of the Ministry of Finance additionally spoke as a particular visitor on the event.
In addition to, BSEC Extra Director Mollah Miraz-us-Sunnah gave a presentation titled ‘Compliance Points for the Asset Administration Firms’ within the workshop. He highlighted the problems to be noticed by registered mutual funds within the gentle of the related legal guidelines and rules within the workshop.