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Stock regulator vigilant to protect investor interests: BSEC chief

Staff Correspondent
16 Sep 2023 20:41:53 | Update: 16 Sep 2023 20:41:53
Stock regulator vigilant to protect investor interests: BSEC chief
BSEC Chairman Professor Shibli Rubayat-Ul-Islam speaks at the conference on investment management in Bangladesh at a hotel in Cox’s Bazar. Courtesy Photo

Bangladesh Securities and Exchange Commission Chairman Professor Shibli Rubayat-Ul-Islam said the commission remains alert to protect interests of the capital market investors amid the ongoing challenging market situation.

Although investors are failing to yield high profits, the securities regulator is taking steps so that investors can shun big losses, the BSEC Chairman said while addressing a conference titled ‘Investment Management in Bangladesh’ held in Cox’s Bazar on Saturday.

The BSEC and the DSE jointly organised the conference at a hotel of the tourist district, as per a media statement.

The country’s mutual fund industry is performing well and will continue the momentum in the days to come; now this sector needs investments both from local and foreign investors, Professor Shibli stated.

While presenting the conference’s keynote titled ‘Current State and Future Direction of Mutual Funds and Collective Investment Schemes in Bangladesh’, BSEC Commissioner Dr Mizanur Rahman gave a comparative scenario of the mutual fund industries in the peer countries and stressed the prospects of Bangladesh’s mutual fund industry.

He also gave directions on how to boost this section for the development of the country’s capital market.

Speaking as a special guest, BSEC Commissioner Shaikh Shamsuddin Ahmed said the transparency in the country’s mutual fund industry is needed for the prosperity and growth of this sector.

He also urged the fund managers to give high returns to investors by cutting their management costs to draw investors’ attention towards this sector.

Officials from the DSE, the CSE, and from the Association of Asset Management Companies and Mutual Funds (AAMCMF) and the Venture Capital and Private Equity Association of Bangladesh (VCPEAB), also attended the event.