Bangladesh Securities and Exchange Commission (BSEC) Chairman Khondker Rashed Maqsood said the commission expects to complete all major market reform initiatives within the next two months.
He made the announcement on Wednesday while presiding over a meeting with senior executives of the country’s leading brokerage firms at the commission’s multipurpose hall in Agargaon.
The meeting discussed the current state of the capital market, progress of reform initiatives, and coordinated measures to strengthen market transparency, investor protection, and institutional accountability.
Khondker Rashed Maqsood said the commission is modernising key regulatory areas, including margin rules, mutual fund guidelines, IPO rules, and corporate governance codes, to reinforce market integrity and investor confidence.
He said all reforms are being carried out with fairness and reasonableness, ensuring that every stakeholder’s interest is considered.
“We are also addressing major structural challenges such as negative equity, and their resolution will come soon,” he said. “The development of the capital market requires a collective effort — we must not give up, and we must build a culture of accountability.”
BSEC commissioners, senior officials, and representatives of top brokerage firms attended the meeting.
Leaders of brokerage houses shared their recommendations to enhance market dynamism and investor confidence.
They called for resolving negative equity in a structured way, protecting investors’ interests during bank and financial institution mergers, reopening the online BO account registration process, and maintaining policy consistency for market stability.
Participants also urged the regulator to promote e-KYC adoption, facilitate the listing of fundamentally strong companies, and allow direct listing of reputed private firms.
They suggested ensuring payment of declared but unpaid dividends, strengthening governance at all levels, and enhancing capacity within BSEC, stock exchanges, and the Central Depository Bangladesh Limited (CDBL).
Other key issues discussed included reviewing the Demutualisation Act 2013, countering market rumours, and expediting the operational effectiveness of the Central Counterparty Bangladesh Limited (CCBL).
