Securities Exchange Commission

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Part-A
Securities Exchange Commission
Securities Exchange Commission (SEC) is the regulator of the capital market of Bangladesh. SEC was established on 8 June, 1993 under the Securities and Exchange Commission Act, 1993. The Chairman and the members of the commission are appointed by the government. The commission is a statutory body and attached to the Ministry of Finance. 1. Mission of SEC:

i. Protect the interests of securities investors.
ii. Develop and maintain fair, transparent and efficient securities markets. iii. Ensure proper issuance of securities and compliance with securities laws. 2. Function of the members:

3. Function of the commission:
iv. Regulating the business of the Stock Exchanges or any other securities market. v. 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. vi. Registering, monitoring and regulating of collective investment scheme including all forms of mutual funds. vii. Monitoring and regulating all authorized self regulatory organizations in the securities market. viii. Prohibiting fraudulent and unfair trade practices relating to securities trading in any securities market. ix. Promoting investors’ education and providing training for intermediaries of the securities market. x. Prohibiting insider trading in securities.

xi. Regulating the substantial acquisition of shares and take-over of companies. xii. 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. xiii. Conducting research and publishing information. 4. The...
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