“We do not interfere in the market -- we simply focus on implementing the regulations in the stock market. The BSEC took enforcement actions against several violations and imposed penalties to issuer companies, directors, auditors and market intermediaries. The stock market regulator approved the ‘Digital Booth (Stockbroker/TREC holder) Rules, 2020’, allowing stockbrokers to set up digital booths under the supervision of its respective head office or branch offices. The stock market regulator is also taking an assured step in ensuring the sponsor-directors hold 2 per cent of the company’s stakes individually and 30 per cent collectively. All in all, 2020 will go down as the year in which Bangladesh’s stock market took a step in the right direction.

Source: Dhaka Tribune December 29, 2020 18:56 UTC