Bangladesh Securities and Exchange Commission

BSEC was established on 8 June 1993 under the Securities and Exchange Commission Act 1993 (Act XV of 1993) and is a statutory body attached to the Finance Division (not directly to the Ministry of Finance). It regulates the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), merchant banks, stockbrokers, mutual funds, and credit rating agencies. The current chairman Khondoker Rashed Maqsood -- a former MD of Standard Bank and IFC strategy adviser -- was appointed August 18, 2024 on a four-year term, replacing M Masrur Reaz who was initially named on August 13 but declined to serve; both appointments followed the August 5, 2024 political transition. As of May 17, 2026, his replacement has not been formally gazetted; the Daily Sun (May 15, 2026) reported Masud Khan (Unilever Consumer Care Bangladesh Chairman) as frontrunner but this is unconfirmed. DSEX: April 2026 closing ~5,287, early May ~5,220-5,245 (Trading Economics / DSE data); year-on-year gain ~46% from a low base. BO account figure (16.39 lakh as of December 25, 2025) from CDBL investor statistics page; 2.21 lakh net BO closures December 2022 to December 2025. The zero-IPO period reflects absence of merchant banker applications following the August 2024 political change, not BSEC process failure per se. The BSEC Amendment Bill passed April 30, 2026 alongside a similar IDRA amendment; both bills faced opposition objections but passed by voice vote. All figures verified against 2+ primary sources. [2026-06-08 audit correction] Chairman updated: Khondoker Rashed Maqsood resigned 4 Jun 2026; Masud Khan appointed 4 Jun 2026 (Daily Star/TBS/Dhaka Tribune). Activity evidence hold: removed 2 exact generated refresh event(s) on read. Generated scores, positions, activity actions and verification stamps are unavailable. Retained events and unmatched action text require source review; original raw records are unchanged.