Shibli Rubayat-Ul Islam resigned as the Bangladesh Securities and Exchange Commission chairman and sent his resignation letter to the finance ministry on Saturday.
The Ministry of Finance accepted his resignation on Sunday, according to a circular issued by the Finance Division of the ministry.
BSEC commissioner Md Mohsin Chowdhury has been made acting chairman, the circular said.
Financial Institutions Division secretary Abdur Rahman reportedly said that Shibli resigned from the post, citing personal reasons.
The BSEC on Sunday cancelled two previous orders issued by the commission on August 8 and August 6 to remove the floor prices of six companies.
Shibli issued the August 8 order from outside the office to remove floor prices of Beximco Limited, Khulna Power Company Limited and Shahjibazar Power Company.
Earlier, another order was issued on August 6 to remove the floor prices of BSRM, Islami Bank Bangladesh and Meghna Petroleum.
Shibli had remained absent from office for the past several days.
A professor at the University of Dhaka, Shibli was appointed as chairman of the BSEC on May 17, 2020, and was reappointed for another four-year term on May 28 this year by the then government of Sheikh Hasina, that got ousted on August 5 by a mass uprising.
The former BSEC chairman in his first term was accused of receiving payments from bank accounts associated with a $13-million fraud and there were other market-related allegations against him.
