BSEC plans to set up media monitoring service

The Bangladesh Securities and Exchange Commission (BSEC) plans to establish a news media monitoring service to systematically track stock market-related items and has issued a tender to select a suitable service provider. 

As an "A" category member of the International Organisation of Securities Commissions, BSEC is responsible for protecting investors' interests, which requires monitoring news across print, electronic, online, and social media, according to the notification. 

The commission is inviting proposals from service providers for news media monitoring services to collect and deliver capital market-related news from national print, electronic, online, and social media. 

The information should be provided via email and a portal dashboard, using predefined keywords, and include video clips when applicable. 

It should be categorised into general and adverse reports, with adverse ones highlighting violations of laws and regulations, such as Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), securities laws, or other relevant norms.

BSEC aims to use this monitoring service to strengthen investor protection and ensure regulatory compliance. 

According to BSEC, daily media outlets publish a vast amount of market-related news that can impact investors and the overall market, with fake or misleading news potentially causing significant harm to general investors. 

A news media monitoring service can help identify and analyse misleading reports, as well as prevent the spread of market rumours across media platforms, ensuring a more transparent and reliable information flow. 

The service provider must deliver the required services daily, weekly, monthly, and annually, starting from the contract's signing date.