Bangladesh Securities and Exchange Commission (BSEC) has held an exchange meeting with Bangladesh Capital Market Investors Unity Council regarding the overall reform of the capital market.
In the meeting, the representatives of the council and BSEC officials discussed the recent situation of the capital market and various issues of market reforms. In the meeting, the investors presented their recommendations for the development and development of the capital market. The meeting was held at the BSEC building in Agargaon of the capital on Wednesday (09 October).
This information has been informed in a press release from BSEC. The meeting was attended by the president and general secretary of the Bangladesh Capital Market Investors Unity Council. Apart from that, the BSEC spokesperson and executive director and top officials, including directors, were present in the meeting. In the meeting, the representatives of the Bangladesh Capital Market Investors Union and BSEC officials discussed the latest situation of the capital market and market reforms. Various demands of investors were also discussed in detail in the meeting with the Bangladesh Capital Market Investors Union.
In the meeting, the investors presented their recommendations for the development and growth of the capital market. In the meeting, the investors, among others, reformed the rules and regulations related to the Z category of the capital market and took action against the concerned company and its executives in cases of non-compliance, including non-payment of dividends. In addition to this, he recommended taking timely action considering the existing situation and time by re-establishing the rules of holding the AGM of the company in person, bringing an investment-friendly environment into the market, and taking investor-friendly decisions.
In addition, he recommended to the investors to ensure proper compliance with the rule of 30 percent shareholding by the sponsors or directors of the company in the capital market, take necessary initiatives on the part of the commission regarding the share buyback law, take steps to create and bring more institutions like Investment Bank in Bangladesh, invest or bring capital from CMSF fund in the market. Besides, to increase the confidence of the investors, positive promotion should be ensured in the development of the capital market, and BSEC’s positive message to the investors should be ensured, he said. After all, there was a fruitful discussion in the meeting of the top organization of investors, ‘Bangladesh Punjibazar Investors OikKya Parishad’ with the Commission.
Incidentally, BSEC will periodically exchange views with relevant ministries and departments, law enforcement agencies, related regulatory agencies, and other important capital market-related associations, chambers, agencies, etc. Following the ongoing process of reform, BSEC is working to build a transparent and prosperous capital market with the input and participation of all those concerned with the country’s capital market and with the cooperation of stakeholders.
BSEC is working for the constructive and sustainable reform of the capital market in the interest and welfare of the common investors of the country and by increasing the confidence of the investors in the light of the opinions and suggestions of all those related to the market, said this organization that regulates the capital market.
