Companies seeking to raise funds through initial public offerings (IPO) will have a more streamlined application review process after the Bangladesh Securities and Exchange Commission (BSEC) approved a single-window system involving stock exchanges.
Under the new arrangement, stock exchanges will review IPO applications and incorporate any observations raised by the BSEC before submitting recommendations to the regulator.
The exchanges will consider their own observations alongside those received from the commission, then submit a consolidated recommendation on each application to the BSEC.
The decision was taken at the regulator’s commission meeting on Tuesday.
The new process is intended to reduce duplication and improve coordination between the regulator and stock exchanges.
Instead of companies facing separate review channels, observations from both sides will be considered through the exchange-led process.
The BSEC said the system would make IPO applications easier and less time-consuming for companies while speeding up the overall review.
The change will help reduce procedural delays for companies seeking to enter the capital market.
