BSEC to hold meeting with retail investors’ representatives on 29 May

Considering the current state of the country's capital market, the Bangladesh Securities and Exchange Commission (BSEC) is set to hold a dialogue with representatives of retail investors' associations, scheduled for 29 May at 12pm.

The securities regulator announced the initiative through a press release today (21 May). 

The meeting will be chaired by Anisuzzaman Chowdhury, special assistant to the chief adviser, with BSEC Chairman Khondoker Rashed Maqsood also expected to be in attendance.

During the discussion, Anisuzzaman and the BSEC chairman will engage with representatives of investors' groups on various market-related issues.

The BSEC emphasised the importance of participation from leaders of investors' organisations and has specifically requested the presence of each group's president and general secretary.

To confirm attendance, representatives have been instructed to submit a letter on their organisation's official letterhead, including names, identification details, and contact information of the participants. The confirmation must be sent via email to info@sec.gov.bd by 25 May.

The announcement comes amid heightened tensions and continued slump in the market, with the Bangladesh Capital Market Investor Association recently staging protests in Dhaka's Motijheel area, demanding the resignation of the BSEC Chairman. The association had issued a 48-hour ultimatum on Sunday.

Speaking to The Business Standard, the association's President SM Iqbal Hossain said, "BSEC has responded to our protest, which is why we've agreed to join the discussion. We will present our demands at the meeting."

"We've decided to suspend the 48-hour ultimatum in response to their willingness to engage. On 28 May, we will also hold a press conference to outline our demands and inform the public," he added.