BSEC forms five-member taskforce for capital market reform

A five-member taskforce has been formed to recommend reforms in the capital market aimed at developing the stock market, boosting investor confidence, and ensuring international standard governance.

The Bangladesh Securities and Exchange Commission (BSEC) announced the formation of the taskforce on Monday.

The five members of the taskforce are: Prof Mohammed Helal Uddin of the Department of Economics at Dhaka University, KAM Majedur Rahman, former managing director of the Dhaka Stock Exchange (DSE); AFM Nesaruddin, senior partner of Hoda Vasi Chowdhury & Co; Professor Md Mostofa Akbar of the CSE Department of Bangladesh University of Engineering and Technology (BUET), and Associate Professor Al Amin of the Department of Accounting Information Systems at Dhaka University.

BSEC has outlined 17 specific areas for the capital market reform taskforce to focus on. However, the country’s capital market regulator reserves the right to expand the scope of the taskforce's work through discussions with its members if any additional issues are deemed important.

No specific deadline has been set for the taskforce to submit its recommendations. However, the BSEC expressed hope that the taskforce would submit its recommendations within a reasonable timeframe.