The recently formed capital market reform task force will hold today a meeting with the DSE Brokers Association of Bangladesh to discuss the overall development of the country鈥檚 capital market.
The meeting will be held at the BSEC building at Agargaon in the capital Dhaka, DBA secretary Md Didarul Gani told 抖阴精品.
This will be the task force鈥檚 first formal meeting with any capital market stakeholders.
The DBA secretary said that no agenda was set for the meeting.
A member of the task force said that the task force would work on medium- and long-term plans for the market development and for eliminating irregularities on the market.
The member said, 鈥楾he current market situation is not our concern. We will work on the issues that we have been given responsibility for, and submit the final report to the commission.鈥�
Investors have long been demanding that the stock market regulator should bring back the investors鈥� confidence in the market on a priority basis and take visible steps about reforms in the capital market.
On October 7, the BSEC formed the task force to prepare a report on necessary reforms in the country鈥檚 stock market, planning and recommendations for raisingconfidence of investors and ensuring good governance in the capital market.
The five-member task force includes Mohammed Helal Uddin, professor at the economics department of the University of Dhaka, KAM Majedur Rahman, a former managing director of the Dhaka Stock Exchange, AFM Nesaruddin, senior partner of Hoda Vasi Chowdhury & Co, Md Mostofa Akbar, professor at the computer science and electronics department of the Bangladesh University of Engineering and Technology, and Al-Amin, an associate professor at the accounting and information systems department of the University of Dhaka.
According to a BSEC statement, the task force will work with 17 issues, including recommendation for formulation of penal code and guidelines regarding market manipulation, prosecution of various irregularities and rationalisation of penalties.
It will work to formulate recommendations on strengthening BSEC鈥檚 institutional capacity, internal governance, necessary initiatives for protection of data and increasing efficiency of employees of the commission.
Moreover, it will work to formulate a guideline and necessary recommendations regarding collaborating with stakeholders to protect the investors鈥� interest and increase their confidence in the market.