The Bangladesh Securities and Exchange Commission said that fixed-income securities such as corporate bonds and sukuk were crucial for the development of the capital market.
BSEC Commissioner Farzana Lalarukh stated that the government is actively working to strengthen the bond market by taking various initiatives and making necessary decisions.
She made the remark at a meeting titled 鈥楻ole of Trustee in Ensuring Compliance in Bond or Sukuk Issuance鈥� was held on Wednesday at the BSEC multipurpose hall, according to a press release issued by the stock market regulator.
In her speech, Farzana Lalarukh emphasised that BSEC鈥檚 primary role is to ensure compliance and maintain a stable and orderly market.
She pointed out that trustees play a vital role in the proper management and development of the bond market by protecting investors鈥� interests.
She stressed that a well-functioning bond market is essential for a diversified capital market, and ensuring that trustees fulfil their responsibilities is key to the market鈥檚 progress.
She further mentioned BSEC鈥檚 bond default platform and urged participants to share their views on the trustee鈥檚 role, including feedback on the platform.
BSEC joint director Syed Golam Maula delivered a presentation on 鈥楻ole of Trustee in Ensuring Compliance for Bond/Sukuk Issuance,鈥� explaining the legal obligations of trustees in bond and sukuk issuance.
BSEC executive director Mohammad Rezaul Karim stressed that trustees must play an active role in attracting investors and boosting confidence in the bond market.
He highlighted BSEC鈥檚 ongoing structural initiatives for bond market development and underscored the need to strengthen the trustee鈥檚 role for the market鈥檚 overall growth.
The session was attended by senior officials from insurance companies, non-bank financial institutions, and merchant banks who serve as trustees in the bond market.
