Dhaka: The government taskforce for capital market reforms has proposed modernisation of Securities and Exchange Commission (Mutual Fund) Rules, 2001 and Margin Rules, 1999. The Capital Market Reform Taskforce formed by the Bangladesh Securities and Exchange Commission (BSEC) submitted draft recommendations on these matters to the commission on Sunday, as stated in a press release today.
According to Bangladesh Sangbad Sangstha, the recommendations were handed over to the commission in the presence of BSEC Chairman Khondoker Rashed Maqsood and commissioners Md. Mohsin Chowdhury, Md Ali Akbar, and Farzana Lalarukh. Members of the taskforce, including Dhaka University Economics Department Professor and Micro Credit Regulatory Authority Executive Vice Chairman Mohammad Helal Uddin, former Managing Director of the Dhaka Stock Exchange and Chief Executive Officer of the Bangladesh International Arbitration Center (BIAC) KAM Majedur Rahman, Senior Partner of the Hoda Vasi Chowdhury AFM Nesaruddin, and Associate Professor of the Accounting and Information Systems Department Al Amin, were present at the occasion.
The attendees agreed that the process of reforming the country’s capital market will be accelerated through the recommendations of the Capital Market Reform Taskforce. The commission has assured that the taskforce’s recommendations will be implemented promptly to drive reforms and development in the country’s stock market.