The Bangladesh Securities and Exchange Commission (BSEC) has approved the draft of the “Public Offer of Equity Securities Rules 2025” in response to the Capital Market Reform Task Force’s recommendations, thereby doing away with the existing “Public Issue Rules 2015.”

The policy received approval during the 977th BSEC commission meeting held on Tuesday (October 14). The meeting was chaired by Commission Chairman Khandaker Rashed Maqsood.

This data was provided in a press announcement endorsed by BSEC Director and Spokesperson Md. Abul Kalam following the meeting.

The notification indicated that during the commission meeting, considering the suggestions from the Capital Market Reform Task Force, it was resolved to endorse the draft of the ‘Bangladesh Securities and Exchange Commission (Public Issue) Rules 2015’ and revoke the ‘Bangladesh Securities and Exchange Commission (Public Offer of Equity Securities) Rules 2025’. The commission’s website and newspapers will feature the draft for public feedback.

It also mentioned that under the proposed ‘Bangladesh Securities and Exchange Commission (Public Offer of Equity Securities) Rules 2025’, BSEC will provide final approval for the IPO following the

stock exchange’s recommendations. Furthermore, the suggested new regulation has been outlined comprehensively regarding corporate governance, the duties and functions of auditors and issue

managers within the issuing companies, as well as enhancing the transparency and accountability of the IPO approval process. This will enhance their accountability, transparency, and responsibility. Simultaneously, it will enhance IPO valuation or pricing, guaranteeing equitable pricing.

BSEC anticipates that firms with strong fundamentals will be motivated to go public in the capital market due to the establishment of fair pricing.