Securities and Exchange Commission of Bangladesh

Topics: Stock exchange, Stock market, U.S. Securities and Exchange Commission Pages: 9 (1945 words) Published: March 28, 2012

The Securities and Exchange Commission (SEC) was established on 8th 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 is a statutory body and attached to the Ministry of Finance.  Members perform the following functions:  Serve as the members of the Commission and supervise its management.     Provide policy direction to industry and staff and promulgate legally binding rules.     Act as an administrative tribunal for decisions on the capital market. Mission of the SEC is to:  Protect the interests of securities investors.     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:          Regulating the business of the Stock Exchanges or any other securities market.                  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          Registering, monitoring and regulating of collective investment scheme including all forms of mutual funds.          Monitoring and regulating all authorized self regulatory organizations in the securities market.          Prohibiting fraudulent and unfair trade practices relating to securities trading in any securities market.          Promoting investors’ education and providing training for intermediaries of the securities market.          Prohibiting insider trading in securities.           Regulating the substantial acquisition of shares and take-over of companies.                  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.         Conducting research and publishing information.|  |

     The Commission:
        Professor Dr. M. Khairul Hossain, Chairman        Professor  Md. Helal Uddin Nizami, Member
       Mr. Md. Amzad Hossain, Member
     Mr. Md. Arif Khan, Member
     Mr. Md. A. Salam Sikder, Member
    Departments and Principal Officers:         To get the List of  Officers of SEC, please click                       Spokesperson for the Commission: Mr. Md. Saifur Rahman, Executive Director  

                     Administration & Finance:   | 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. Farhad Ahmed, Executive Director.|             Officers of the department are:

Mr. Farhad Ahmed, Executive Director
Mr. Md. Abul Kalam, Director
Mr. Mohammad Abul Hasan, Director
Mr. Hafiz Mohammed Harunur Rashid, Deputy Director
Mr. M.A. Maleque, Accounts Officer
                     Capital Issue (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...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Securities and Exchange Commission – Sec (Bangladesh) Essay
  • The Security and Exchange Commission (Sec) Essay
  • Securities Exchange Commission Essay
  • The Securities and Exchange Commission Essay
  • The U.S. Securities and Exchange Commission Essay
  • Essay on Securities Exchange Act 1934
  • Australian Securities Exchange Research Paper
  • IRAC Brief: Stryker Corporation and the Securities and Exchange Commission Essay

Become a StudyMode Member

Sign Up - It's Free