B Mirror Report: The Bangladesh Securities and Exchange Commission (BSEC) today held its 6th monthly coordination meeting with top executives and representatives from all major capital market intermediary institutions.

The meeting, chaired by BSEC Chairman Khondoker Rashed Maqsood, commenced at 10:30 a.m. at the BSEC Multipurpose Hall in Agargaon, focusing on fostering collaboration to drive the strategic development and stability of the country’s capital market. Participants discussed modernizing market infrastructure and diversifying financial offerings to boost the national economy. Key initiatives highlighted included transitioning Bangladesh’s capital market from a Frontier Market to an Emerging Market, implementing an e-KYC (Electronic Know Your Customer) system, launching a Commodity Exchange, expanding activities and completing registration for Central Counterparty Bangladesh Limited (CCBL), introducing new products, and strengthening institutional governance across market entities.

Chairman Maqsood briefed stakeholders on efforts to update the legal framework, noting the finalization of three major regulations Margin Rules, 2025, Mutual Fund Rules, 2025, and Public Offer of Equity Securities Rules, 2025 as a significant milestone, while updated Corporate Governance regulations are in the final stages of preparation.

Discussions also addressed ensuring market discipline and integrity, including preventing manipulation, timely disclosure of Price Sensitive Information (PSI), implementing back-office software across institutions, and resolving issues related to negative equity and unrealized losses.

The meeting further emphasized expanding investment education initiatives and enhancing the technical capabilities of CDBL and CCBL to rebuild and sustain investor confidence. High-level participation included BSEC Commissioners Md. Mohsin Chowdhury, Md. Ali Akbar, Farzana Lalarukh, and Md. Saifuddin, along with executive directors and senior officials from all major capital market institutions.