The Bangladesh Securities and Exchange and Commission will seek proposals on market reforms and ways to improve the market situation from stakeholders, said BSEC spokesperson Farhana Faruqui.
Farhana, also a director at the BSEC, said that the commission would hold meetings in phases starting today with the capital market stakeholders to formulate a roadmap for reform.
She said, 鈥楢fter discussing with the stakeholders, the commission will identify issues that need to be addressed and then take steps based on that outcomes.鈥�
The first round of discussions will be held today, which will feature a session with representatives of the country鈥檚 two stock exchanges, Central Depository Bangladesh Limited, Central Counterparty Bangladesh Limited, Bangladesh Institute of Capital Market, Bangladesh Academy for Securities Market and Capital Market Stabilisation Fund.
The second round will be held tomorrow, which will feature a session for views exchange with representatives of the DSE Brokers Association of Bangladesh, Bangladesh Merchant Bankers Association, Association of Asset Management Companies and Mutual Funds, Association of Credit Rating Agencies of Bangladesh, Bangladesh Association of Publicly Listed Companies, Financial Reporting Council and Institute of Chartered Accountants of Bangladesh.
The BSEC move came after a major reshuffle at the stock market regulatory body following the fall of Awami League government amid a student-led mass uprising on August 5.
Shibli Rubayat-Ul Islam resigned as BSEC chairman on August 11.
Khondoker Rashed Maqsood was on August 18 appointed as chairman of the BSEC for a four-year term.
The BSEC also got three new commissions following the resignation of three commissions who were members of the Shibli-led commission.
After the ouster of Awami League government, the DSE witnessed a surge of almost 800 points in its key index, DSEX, in the first few days.
But the Dhaka bourse started going back into a volatile state soon after and continued the bearish vibe until September 26.