BSEC chairman, commissioners resign

The
Bangladesh Securities and Exchange Commission (BSEC) Chairman Khondoker Rashed
Maqsood has resigned from his position today, along with four
commissioners.
According to a press statement, he served as chairman
for the past 21 months.
Maqsood has not come to the office today, said an
official of BSEC.
Four commissioners also resigned, said the official.
The commissioners are Md Saifuddin, Farzana Lalarukh,
Md Ali Akbar, and Md Mohsin Chowdhury
In a statement, Maqsood said he had decided to step
down from the public position to focus on personal endeavours.
He said the current commission took charge during a
turbulent period and initiated reforms aimed at strengthening the legal
framework and market discipline.
During its tenure, the BSEC gazetted five rules
covering margin loans, initial public offerings (IPOs), mutual funds, debt
securities and whistleblower protection. It also published three draft rules
and guidelines on corporate governance, audit and corporate restructuring for
public opinion.
According to the statement, the commission drafted two
laws — the Bangladesh Securities and Exchange Commission Act and the Capital
Market Stabilisation Fund Act — for enactment.
















