Executives from six organisations have discussed nine issues during the first meeting called by the Bangladesh Securities and Exchange Commission, or SEC, to formulate a 'reform roadmap' for the capital market.
The meeting took place at the SEC's office in Dhaka's Agargaon on Monday widespread allegations of irregularities, manipulation, and a continuous fall in stock prices. Khondoker Rashidul Maqsood-led SEC commission listened to the views of the executives of the participating organisations during the two-and-a-half-hour discussion.
While executives declined to disclose specific details about the discussions, one representative, who requested anonymity, said: "We have made several proposals, most of which have been topics of market discussion."
"Several new points have emerged. The commission chairman confirmed that a summary of the reform proposals would be prepared," he added.
SEC spokesperson Farhana Fauqui told bdnews24.com, "The executives attending the meeting shared their opinions and proposals regarding comprehensive reforms in the capital market."
The nine issues discussed include: 1. Reform of regulatory framework, 2.Ensuring regulatory compliance and institutional governance, 3.Technological advancement and modernization, 4. Effective measures for product and market development, 5.Expansion and enhancement of investment education, 6.Raising awareness among investors,7.Strengthening educational and training initiatives for capital market professionals, 8.Introduction of new products to diversify the market, 9.Boosting investor confidence and establishing constructive, sustainable reforms in the market. —bdnews24.com
