B Mirror Report: Two separate bills have been introduced in the National Parliament to remove the maximum age limit for the positions of chairman and members of the Bangladesh Securities and Exchange Commission (BSEC) and the Insurance Development and Regulatory Authority (IDRA).

The proposed changes, if passed, would allow individuals of any age to be appointed as chairman of these regulatory bodies.

Finance Minister Amir Khasru Mahmud Chowdhury placed the “Bangladesh Securities and Exchange Commission (Amendment) Bill, 2026” and the “Insurance Development and Regulatory Authority (Amendment) Bill, 2026” in Parliament on Monday. Both bills were later sent to a special parliamentary committee, which is expected to submit its report within a day.

Under the existing law, individuals above 65 years are ineligible to serve as BSEC chairman or commissioner. The new bill proposes to abolish this restriction.

Similarly, current IDRA regulations disqualify individuals aged 67 or above from serving as chairman or member. The proposed amendment also seeks to remove this provision.

According to the statement of objectives, the amendments aim to ensure the appointment of experienced, skilled, and knowledgeable professionals in key decision-making roles by updating the existing legal framework.