Bangladesh Securities and Exchange Commission

ABOUT BSEC

The Bangladesh Securities and Exchange Commission (BSEC) was established on 8th June, 1993 as the regulator of the country’s capital market through enactment of the Securities and Exchange Commission Act 1993.  Through an amendment of the Securities and Exchange Commission Act, 1993, on December 10, 2012, its name has been changed as Bangladesh Securities and Exchange Commission from previous Securities and Exchange Commission.  The Commission consists of a Chairman and four Commissioners who are appointed for fulltime by the government for a period of four years and their appointment can be renewed only for further one term, but the condition is that age can not exceed 65 in position during the tenure. The Chairman acts as the Chief Executive Officer (CEO) of the Commission. The Commission has overall responsibility to formulate securities legislation and to administer as well.  The Commission is a statutory body and attached to the Ministry of Finance. 

 

Mission of the BSEC is to:

·            Protect the interests of the investors in securities. 

·            Develop and maintain fair, transparent and efficient securities markets. 

·            Ensure proper issuance of securities and compliance with securities laws.

The Commission's main functions are:

q       Regulating the business of the Stock Exchanges or any other securities market.

q       Registering and regulating the business of stock-brokers, sub-brokers, share transfer agents, merchant bankers and managers of   issues, trustee of trust deeds, registrar of an issue, underwriters, portfolio managers, investment advisers and other intermediaries in the securities market

q       Registering, monitoring and regulating of collective investment scheme including all forms of mutual funds.

q       Monitoring and regulating all authorized self regulatory organizations in the securities market.

q       Prohibiting fraudulent and unfair trade practices relating to securities trading in any securities market.

q       Promoting investors’ education and providing training for intermediaries of the securities market.

q       Prohibiting insider trading in securities. 

q       Regulating the substantial acquisition of shares and take-over of companies.

q       Undertaking investigation and inspection, inquiries and audit of any issuer or dealer of securities, the Stock Exchanges and   intermediaries and any self regulatory organization in the securities market.

q       Conducting research and publishing information.

The Present Commission:

Dr. M. Khairul Hossain Chairman
Professor  Md. Helal Uddin Nizami Commissioner
 Md. Amzad Hossain Commissioner
Dr. Swapan Kumar Bala Commissioner

Departments and Principal Officers:         To get the List of  Officers of BSEC, please click

Spokesperson for the Commission: Mr. Md. Saifur Rahman, Executive Director

  Administration & Finance (A&F) Department:

Administration and Finance department deals with human resources, all sorts of logistic activities, to carry out day to day executive functions as well as finance & accounts. As part of Administrative functions, administration officials performed activities regarding correspondence with concerned ministries, recruitment & training of human resources, procurement, motor pool etc. In connection with financial activities, finance & accounts officials prepare budget and financial statement of the Commission, collect revenue & disburse payments, maintain Gratuity/Pension fund, General & Contributory Provident Fund etc. The department is headed by Mr. Md. Anowarul Islam, Executive Director.

Officers of the department are:

Mr. Md. Anowarul Islam, Executive Director (Admin & Finance)

Mr. Md. Abul Kalam, Director (Finance)

Mr. Mohammad Abul Hasan, Director (Admin)

Mr. Abul Kalam Azad, Deputy Director (Admin)

Mr. Mollah Md. Miraz-Us-Sunnah, Deputy Director (Finance)

Mr. M.A.Maleque, Accounts Officer (Finance)

Mr. Jalal Uddin Ahmed, Assistant Director (Admin)

Ms. Sahana Parvin, Assistant Director (Admin)

Ms. Ziaun Nahar Sharif, Assistant Director (Admin)

Mr. Md. Mahfuzur Rahman Talukder, Assistant Director (Admin)

Mr. Md. Rafiqunnabi, Assistant Director (Admin)

Mr. Ziaur Rahman, Assistant Director (Admin)

 

Capital Issue Department (Initial Public Offering has been renamed):

Capital Issue Department of the Commission accords consent to issue equity and debt securities through initial public offer and also other than public offer. Public and private limited companies are required to take consent of the Commission for raising capital whose capital exceeds Tk. 10 million and 100 million respectively. This department also approves the issuance of listed companies’ rights share and repeat public offer. The department is headed by Mr. Md. Mahbubul Alam, Executive Director.

Officers of the department are:

Mr. Md. Mahbubul Alam, Executive Director.

Mr. Kamrul Anam Khan, Director

Mr. Mohammad Rezaul Karim, Director

Mr. Prodip Kumar Basak, Director

Mr. Mohammad Delowar Hossain, Deputy Director

Mr. Md. Faruq Hossain, Deputy Director

Mr. Md. Kawsar Ali, Deputy Director

Mr. Md. Iqbal Hossain, Assistant Director

Mr. Syed Muhammad Golam Mowla, Assistant Director

Mr. Mohammad Asif Iqbal, Assistant Director

 

Capital Market Regulatory Reforms & Compliance (CMRRC) Department:

CMRRC department drafts amendments of securities laws, suggests reforms of the market and provides clarifications. The department is headed by Mr. Md. Mahbuber Rahman Chaudhury, Executive Director.

Officers of the department are:

Mr. Md. Mahbuber Rahman Chaudhury, Executive Director

Mr. Ripan Kumar Debnath, Director

Mr. Sk. Md. Lutful Kabir, Deputy Director

 

Central Depository System (CDS) Department:

Central Depository System (CDS) department supervises activities of Central Depository Bangladesh Limited (CDBL), activities of depository participants, dematerialization of listed companies' shares under depository system, issue and transfer of securities in dematerialized form, beneficiary owners (BO) accounts, and issue order/notification etc. related to depository system, under the Depository Act, 1999, the Depository Regulation, 2000 and Depository (User) Regulation 2003. The department is headed by Mr. Md. Ashraful Islam, Executive Director.

Officers of the department are:

Mr. Md. Ashraful Islam, Executive Director

Mr. Syed Muhammad Golam Mowla, Assistant Director

 

Chairman’s Office:

Function of the department is to conduct Commission Meeting and Coordination Meeting.

Officers of the department are:

Ms. Farhana Faruqui, Director

Mr. Md. Rashidul Alam, PS to Chairman

Mr. Mohammad Emdadul Haque, Assistant Director

 

Corporate Finance  Department (CFD): 

The Corporate Finance Department (CFD) supervises and monitors the listed companies after issuance of primary shares in light of the securities laws. Activities of the department are oversight and reporting on issuers of listed securities related to on time submission of audited financial statements, half yearly financial statements and annual reports/minutes, examination of the aforesaid financial statements and reports/minutes, appointment of statutory auditors in compliance with securities laws, utilization of fund (IPO & Rights), compliance of conditions of notification regarding corporate governance, compliance of other securities laws, supervision and follow-up of the special audits conducted by the Commission, and review of existing securities laws, rules and regulations concerning CFD and proposed amendments thereto. The department is headed by Mr. Md. Hasan Mahmud, Executive Director

Officers of the department are:

Mr. Md. Hasan Mahmud, Executive Director

Mr. Prodip Kumar Basak, Director

Mr. Mohammed Fakhrul Islam Mazumder, Deputy Director

Mr. Mollah Md. Miraz-Us-Sunnah, Deputy Director

Mr. Md. Bony Yeamin Khan, Assistant Director

Mr. Mawdud Momen, Assistant Director

 

Enforcement Department:

Under the Securities laws, the Enforcement Department takes legal measures including imposition of penalty against those who breach/violate securities laws in consideration of nature of crimes they commit. Prior to taking measures, it follows due process that includes giving the accused an opportunity of being heard. All departments of the Commission send referral to Enforcement Department if they see any violation of securities laws. The department is headed by Ms. Ruksana Chowdhury, Executive Director.

Officers of the department are:

Ms. Ruksana Chowdhury, Executive Director

Mir Mosharraf Hossain,  Director

Ms. Mustari Jahan, Deputy Director

Mr. Md. Hossain Khan, Deputy Director

Mr. Md. Yusuf Bhuiyan, Deputy Director

Mr. Mohammad Al Masum Mirdha, Deputy Director

Mr. Md. Shahnows, Assistant Director

Mr. Md. Mustafizur Rahman, Assistant Director

 

Financial Literacy Department:

Financial Literacy department deals with training, education and allied matter related to Nationwide Financial Literacy Program of BSEC.

The vision of the Financial Literacy Program is to provide financial education to each and every people of Bangladesh. More precisely, BSEC wants to make individuals understood at their level of needs, the role of money in their lives, the need and use of savings, the advantages of using formal financial sectors, various ways to convert their savings into investments, develop self-protection through understanding risks and a realistic recognition of the attributes of these options.

Financial literacy gives the twin benefit of protecting from financial frauds as well as planning for financially secured future. Financial literacy gives consumers the necessary knowledge and skills required to assess the suitability of various financial products and investment opportunities available in the financial market.The department is headed by Mr. Md. Mahbubul Alam, Executive Director.

Officers of the department are:

Mr. Md. Mahbubul Alam, Executive Director

Mr. Mohammad Rezaul Karim, Director

Mr. Mohammad Zubair Uddin Bhuiyan, FCS, ACMA, Deputy Director

 

International Affairs Department:

International Affairs Department (IAD) is responsible for the following activities; 

a)  Maintaining relationship with all the capital market regulators of the world; 

b) Maintaining constant liaison with the International Organization of Securities Commissions (IOSCO), including all its Committees and Working Groups; 

c)  All matters related to IOSCO Multilateral Memorandum of Understanding (MMoU).

The department is headed by Mr. Md. Mahbubul Alam, Executive Director. 

Officers of the department are:

Mr. Md. Mahbubul Alam, Executive Director. 

Ms. Farhana Faruqui, Director

Mr. Mohammad Emdadul Haque, Assistant Director

 

Law Department: 

Functions of Legal department are assisting the lawyers engaged by the Commission to conduct the cases filed by or against the Commission in different courts, preparing written objection and statement on cases filed against the Commission, preparing para wise comments on writ petition filed against the Commission, signing case related documents with affidavit before the concerned officer of the court, preparing plaint/requisition for certificate cases, filing certificate cases and conducting those to realize the penalty imposed by the Commission, vetting the letters, orders, directives sent from different departments of the Commission and providing legal opinion on different matters sent from different departments of the Commission. Mr. Md. Mahbuber Rahman Chaudhury, Executive Director, heads the department.

Officers of the department are:

Mr. Md. Mahbuber Rahman Chaudhury, Executive Director

Mr. A.S.M. Mahmudul Hasan, Deputy Director

Mr. Muhammad Ziaur Rahman, Deputy Director

Mr. Munshi Md. Enamul Haque, Assistant Director

Mr. Towhid Hassan, Assistant Director

Mr. Shahrier Perves, Assistant Director

 

Management Information Systems (MIS) Department: 

Functions of MIS department are development of automation for assisting different departments' activities, development of capital market monitoring system based on computerized data analysis, informing all about securities laws and other related matters through its website www.secbd.org, planning, operating, administering and supporting IT infrastructure at SEC and assisting the Commission in related areas.  The department is headed by Mr. Md. Ashraful Islam, Executive Director

Officers of the department are:

Mr. Md. Ashraful Islam, Executive Director

Mr. Rajib Ahmed, Director

Mr. Kazi Md. Al - Islam, Assistant Director

Mr. Gour Chand Sarker, Assistant Director

 

Mutual Fund & Special Purpose Vehicle:

Mutual Fund & Special Purpose Vehicle Department deals with registration of mutual funds and special purpose vehicles, their monitoring, supervision and compliance, and any other function related to them. The department is headed by Mr. Md. Hasan Mahmud, Executive Director.

Officers of the department are:

Mr. Md. Hasan Mahmud, Executive Director

Mr. Mahmoodul Hoque, Director

Mr. Mohammad Siddiqur Rahman, Deputy Director

Mr. Mohammad Amdadul Hoque, Deputy Director

Ms Sultana Perveen, Assistant Director

 

Registration & Licensing Department:

Registration Department looks after registration and renewal of all  stock brokers, stock dealers, merchant bankers, credit rating agencies, depository participants, authorized representatives, asset management companies, trustees, custodians, and  permission regarding branch opening of stock brokers. Licensing of intermediaries help the Commission to discharge its oversight functions more effectively.  The department is headed by Mr. Mahbubul Alam, Executive Director.

Officers of the department are:

Mr. Mahbubul Alam, Executive Director

Mr. Mohammad Jahangir Alam, Director

Mr. Hafiz Mohammed Harunur Rashid, Deputy Director

Ms. Umme Salma, Deputy Director

Mr. Md. Saiful Islam, Assistant Director

Mr. Md. Ashraful Alam, Assistant Director

 

Research & Development (R&D) Department:

Research and Development Department of the Commission conducts investors’ education program twice a month for the general investors, organize capital market related presentation/seminar for various government and non-government organizations, deals with the Commission’s various publications like annual report (Bangla & English), quarterly report(Bangla & English), quartery Bangla news letter-Parikrama,   furnishes various reports and information to the government and other institutions including Ministry of Finance and different regulatory authorities.  The department is headed by Mr. Md. Ashraful Islam, Executive Director.

Officers of the department are:

Mr. Md. Ashraful Islam, Executive Director

Mr. Abu Rayhan Mohammad Mutasim Billah, Director

Mr. Mohammad Zahirul Haque, Assistant Director

Mr. Mohammad Ratan Miah, Assistant Director

 

Supervision & Regulation of Markets and Issuer Companies (SRMIC):

SRMIC Department supervises stock exchanges and deals with complaints lodged against issuer companies as per securities laws. The functions include  monitoring of declaration about sale/purchase/transfer of securities by the sponsor /director of the listed companies, monitoring of monthly shareholding position of sponsors/directors, monitoring of disclosure of price sensitive information of listed companies,     approval of transfer of shares of  listed companies outside the stock exchange, monitoring all activities of stock exchanges (except securities transactions), taking effective measure to address complaints against issuer, monitoring of AGMs/EGMs and dividend payments for all listed companies. The department is headed by Mr. Md. Anowarul Islam, Executive Director.

Officers of the department are:

Mr. Md. Anowarul Islam, Executive Director

Mr. Md. Monsur Rahman, Director

Mr. Mohammad Shakhawat Hossain Sarkar, Deputy Director

Mr. Mohammed Nazrul Islam, Deputy Director

Ms. Anu Dey, Assistant Director

Ms Mahmuda Shireen, Assistant Director

Mr. S.M. Ahsanul Kabir, Assistant Director

 

Supervision & Regulation of Intermediaries (SRI) Department:

Function of SRI Department is supervision of performing activities of merchant bankers, stock dealers/stock brokers, depository participants, security custodian banks, merchant bankers, security lenders & borrowers and other market intermediaries. SRI department is headed by Mr. Md. Saifur Rahman, Executive Director.

Officers of the department are:

Mr. Md. Saifur Rahman, Executive Director

Mr. Mohammad Shafiul Azam, Director

Mr. Ohidul Islam, Deputy Director

Mr. Mohammad Golam Kibria, Deputy Director 

Mr. Md. Sultan Salah Uddin, Assistant Director

Mr. Md. Sirajul Islam, Assistant Director

 

Surveillance Department:

Surveillance Department keeps vigil on securities transactions in Bangladesh. To identify unlawful trading activities, surveillance department watch and analyze the trading in both the stock exchanges through on-line and off-line surveillance system and prepare daily, weekly & monthly trade reports at the end of trading by pointing market condition and observation of surveillance officials. In order to ensure proper compliance of securities related laws, surveillance department conducts investigation and enquiry against involving parties regarding market manipulation, insider trading & other malpractices, if any. The main purpose of the said activities are to ensure fair-trading and build-up confidence of investors in the securities market. The department is headed by Mr. Md. Saifur Rahman, Executive Director.

Officers of the department are:

Mr. Md. Saifur Rahman, Executive Director

 Mr. Sheikh Mahbub Ur Rahman, Director

Mr. Rajib Ahmed, Director

Mr. Mohammad Shamsur Rahman, Deputy Director

Mr. Mohammad Rakibur Rahman, Assistant Director

Ms. Parvin Akter, Assistant Director

Mr. Md. Abdus Salim, Assistant Director

Mr. Md. Nanu Bhuiyan, Assistant Director

Mr. Muhammad Oarisul Hasan Rifat, Assistant Director

Mr. Md. Sohidul Islam, Assistant Director

 

Projects:

ADB Project: Improvement of Capital Market Governance

The project is a loan project financed by Asian Development Bank under the Improvement of Capital Market and Insurance Governance Project ADB TA Loan-2232 BAN. Main objective of the project is development of the capital market in Bangladesh.

Project Concerns:

Mr. Md. Saifur Rahman, Project Director &  Executive Director

Member of BSEC Advisory Committee 

Hours of Operation