The commission has received draft recommendations on the reform of the Mutual Fund Rules and Margin Rules from the Stock Market Reform Task Force, which was established by the Bangladesh Securities and Exchange Commission (BSEC) to guarantee the growth and sound management of the country’s stock market.

On Tuesday, February 11, BSEC Public Relations Officer and Spokesperson (Additional Duty) Md. Mohaiminul Haque signed a press release containing this information.

According to the release, on Monday, February 10, the commission received draft recommendations from the Stock Market Reform Task Force, which was established by the BSEC to guarantee the growth and sound management of the stock market, regarding the modernization of the Margin Rules, 1999 and the Mutual Fund Rules, 2001.

The task force formally handed over the recommendations to the commission in the presence of BSEC Chairman Khandaker Rashed Maqsood, Commissioner Md. Mohsin Chowdhury, Commissioner Md. Ali Akbar and Commissioner Farzana Lalarukh.

The task force’s members included AFM Nessar Uddin, Senior Partner of Huda Bhasi Chowdhury & Co.; Al-Amin, Associate Professor of Accounting Information Systems, University of Dhaka; KAM Majedur Rahman, Former Managing Director of Dhaka Stock Exchange (DSE) and CEO of Bangladesh International Arbitration Center (BIAC); and Mohammad Helal Uddin, Professor of Economics, University of Dhaka and Executive Vice Chairman of Microcredit Regulatory Authority (MRA).

Everyone at the time agreed that the task force’s recommendations would make the process of reforming the nation’s stock market more dynamic. More recommendations are anticipated in the future, and the Stock Market Reform Task Force is currently working on 17 terms of reference. If these suggestions are successfully put into practice, sustainable growth and reform of the country’s stock market.

According to BSEC, it will take the required actions to reform the stock market right away. The review and plan state that a number of short-, medium-, and long-term plans and activities will be carried out in accordance with the task force’s recommendations.

It is noteworthy that BSEC established a special five-member Stock Market Reform Task Force on October 7, 2024, with the goals of fostering the growth of the stock market, boosting investor confidence, and guaranteeing sound governance of global standards.