B Mirror Report : The Bangladesh Securities and Exchange Commission (BSEC) has empowered the country’s two stock exchanges the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE)to independently determine and implement market control measures, including circuit breaker limits.

The decisions were taken at the 1,018th emergency commission meeting held on June 30 under the chairmanship of BSEC Chairman Masud Khan. According to the commission, the DSE and CSE will now be able to exercise their authority independently under their respective regulations to set and enforce market control mechanisms, including circuit breaker thresholds.

The exchanges will also be allowed to make operational decisions in line with applicable rules, policies, and market requirements. As part of the move, BSEC has repealed its order issued on June 17, 2021 (Order No. BSEC/Surveillance/2020-975/219), which previously governed such measures.

In another significant policy decision, the commission approved the reinvestment of earnings for open-end mutual funds. Under the new framework, trustees may, based on proposals from asset managers and after considering the interests of investors and the capital market, allow annual earnings to be reinvested into the fund instead of being distributed as dividends. BSEC said the policy is expected to support asset growth in mutual funds, encourage long-term investment, and contribute to greater stability in Bangladesh’s capital market.