FE REPORT
The securities regulator has decided to hold a series of meetings with stakeholders to draw up a roadmap for developing the country's capital market.
As part of the move taken under the leadership of the newly appointed chairman of the Bangladesh Securities and Exchange Commission (BSEC), a view-exchange meeting will be held on September 30, says a statement.
Top executives of both the bourses, the depository authority, Central Counter Party Bangladesh Ltd. (CCBL), Bangladesh Institute of Capital Market (BICM), Bangladesh Academy for Securities Markets (BASM), and Capital Market Stabilisation Fund (CMSF) will join the meeting.
The securities regulator will hold another meeting with the market operators and the accounting and capital market professionals on October 1.
The representatives of the associations of broker-dealers, merchant bankers, asset managers, publicly listed companies, chartered accountants, credit rating agencies, among others, will attend the meeting.
Besides, the regulator will hold meetings with the representatives of the ministry concerned, the law-enforcement agencies, chamber bodies and other capital market-related organisations.
In the statement, the securities regulator said it would discuss overall issues of the capital market with the stakeholders at the meetings to gather their opinions.
"The BSEC thinks a sustainable development and reforms of the capital market will be possible if the stakeholders co-operate with the regulator," said the BSEC.
After taking the charge, newly appointed chairman of the securities regulator Khondoker Rashed Maqsood and his commission took various initiatives to investigate irregularities and corruption that took place over the last 10 years in the regulatory body and the capital market.
Apart from forming a high-powered body formed to dig into some major corruptions, inquiry committees have also been formed on a case-to-case basis to probe wrongdoings executed by issuers and market operators.
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