State of the Bangladesh Economy in FY2021-22
Independent Review of
RBD
Bangladesh's Development
Governance of the Capital Market
Major Initiatives undertaken by BSEC under the New Leadership
➤ the new leadership has taken charge at the BSEC (17 May 2020), a number of
initiatives have been undertaken. Major BSEC initiatives include (a) setting
floor price for all stocks which has been lifted later (June, 2021); (b) allowing
perpetual bonds of BDT 4.0; (c) launching an integrated online data-gathering,
information submission and dissemination platform; (d) revised its recently
amended public offer rules; (e) routine inspections of brokerage houses; (f)
asked 61 directors of 22 listed companies to ensure holding of minimum 2%
shares in their respective firms in 45 days; (g) planned to make Bangladesh
Electronic Funds Transfer Network (BEFTN) mandatory for the listed
companies; (h) replaced the lottery system with the pro-rata system; (i)
formulated draft rules on forming and executing capital market stabilization
fund with the unclaimed or unpaid cash or stock dividend; and (j) issued revised
public issue rules, setting new IPO (initial public offering) quotas for general
and other eligible investors (EIS).
Figure: Enforcement Action undertaken by BSEC commission for non-compliance
March April May June July
January
February
August September October November December
2020
4
5
17
3
30
30
49
22
150
151
2021
20
21
50
13
15
4
11
10
47
65
CPD (2021): State of the Bangladesh Economy in FY2021-22 (First Reading)
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