B Mirror Report :  The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday held its 5th monthly coordination meeting with capital market stakeholders, underscoring key legal reforms, future strategies, and the long-term direction of the country’s capital market.

The meeting took place at the BSEC Multipurpose Hall in the capital and was attended by senior policymakers and market leaders, including Dr. Anisuzzaman Chowdhury, Special Assistant to the Chief Adviser, BSEC Chairman Khondoker Rashed Maqsood, commissioners of the commission, and top representatives of various stakeholder organizations, according to a press release.

Addressing the meeting, BSEC Chairman Khondoker Rashed Maqsood said the commission has successfully completed several major legislative reforms. He noted that the Margin Rules 2025, Mutual Fund Rules 2025, and Public Offer of Equity Securities Rules 2025 have now been finalized, marking the completion of the regulator’s core reform agenda.

Describing the Initial Public Offering (IPO) as the backbone of the capital market, the chairman said the new Public Offer of Equity Securities Rules 2025 have created fresh opportunities for companies to enter the market through IPOs. He urged stakeholders to take immediate advantage of these reforms, adding that a substantial portion of the legal framework has already been modernized by 2025.

Dr. Anisuzzaman Chowdhury, who heads the committee formed by the Financial Institutions Division to strengthen the BSEC, emphasized the importance of collective efforts in addressing existing challenges.

He said all identified obstacles must be resolved through mutual cooperation, expressing satisfaction over the practice of holding regular coordination meetings with stakeholders. Dr. Chowdhury also called for swift action to remove bottlenecks and stressed the need for long-term, goal-oriented planning to ensure sustainable market development.

The meeting featured open and in-depth discussions on multiple initiatives aimed at strengthening and modernizing the capital market. Key issues included adopting a five-year capital market development plan, introducing new financial products, and launching a commodity exchange.

Other important topics were the listing of state-owned enterprises and multinational companies, implementation of e-KYC for investor identification and online BO account opening, strengthening API connectivity among market institutions, facilitating mergers and acquisitions (M&A), and ensuring strong institutional governance.

Discussions also covered expanding the operational scope of merchant banks and bringing Central Counterparty Bangladesh Limited (CCBL) into full operation. To enhance investor awareness and confidence, participants discussed involving district administrations and airing fortnightly investment education programs on Bangladesh Television.

The meeting was attended by leading figures of the capital market, including Dhaka Stock Exchange (DSE) Chairman Mominul Islam, CCBL Chairman Major General (Retd.) Md. Wahid-Uz-Zaman, DSE Brokers Association (DBA) President Saiful Islam, and Investment Corporation of Bangladesh (ICB) Managing Director Niranjan Chandra Debnath.

Representatives from the Bangladesh Merchant Bankers Association (BMBA), Chittagong Stock Exchange (CSE), and several asset management companies were also present at the meeting.