Bangladesh Securities and Exchange Commission
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| Agency overview | |
|---|---|
| Formed | June 8, 1993 |
| Jurisdiction | Bangladesh |
| Headquarters | Dhaka, Bangladesh |
| Agency executive |
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| Website | http://www.secbd.org |
The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising (DSE) and (CSE). The Commission is a statutory body and attached to the Ministry of Finance.
BSEC was established on 8 June 1993 under the Securities and Exchange Commission Act, 1993. The Chairman and Members of the Commission are appointed by the government and have overall responsibility to administer securities legislation. The Commission, at present has three full-time members, excluding the Chairman. The Commission is a statutory body and attached to the Ministry of Finance.
Initially named simply as the Securities and Exchange Commission, on 10 December 2012, its name was officially changed to the Bangladesh Securities and Exchange Commission.
During the 2011 Bangladesh share market scam the BSEC withdrawing various directives given earlier to help stabilise trading at the Dhaka Stock Exchange and was criticised by some commentators for its actions during the subsequent crash.
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