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Business laws and regulations of Bangladesh

Bangladesh Securities and Exchange Commission

Public Issue Rules 2015 issued by Bangladesh Securities Exchange Commission

Bangladesh Securities and Exchange Commission on December 28, 2015, issued Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015 (the “Rules”). The previous regulation was the Securities and Exchange Commission (Public Issue) Rules, 2006, which is now repealed.

Key highlights of the Rules

Application for IPO may be made on any of the following methods:-

  1. fixed price method, when offered at par value; or
  2. book-building method, when offered above par value.

The definition of “Eligible Investor” (the “EI”) has been expanded.

Now the EI means- [Read more…] about Public Issue Rules 2015 issued by Bangladesh Securities Exchange Commission

Official English translation of Bangladesh Securities and Exchange Commission Act, 1993 published

Government has published the official translation of the Bangladesh Securities and Exchange Commission Act, 1993. The translation covers all the latest amendment (till 2012). The act was previously known as Securities and Exchange Commission Act, 1993. However in 2012, the government amended the act and named the act as Bangladesh Securities and Exchange Commission Act, 1993.

Before the official translation, the only available English translation was the translation of the Heidelberg Bangladesh Law Translation Project.

Download: English translation of Bangladesh Securities and Exchange Commission Act, 1993.

DSE and CSE introduced new Listing Regulations

Country’s two Stock Exchanges recently introduced new listing regulations. The new regulation will be known as Dhaka Stock Exchange (Listing) Regulations, 2015 and Chittagong Stock Exchange (Listing) Regulations, 2015.

Both the regulations of (DSE and CSE) have almost similar terms and conditions. Under the new regulations, any public offer must be approved by the Exchange first. Exchange will review the application and may require additional disclosure, information, documents, certification or clarification. Once satisfied, the Exchange will submit its recommendation to Bangladesh Security Exchange Commission for their approval.

[Read more…] about DSE and CSE introduced new Listing Regulations

Bangladesh gets its first Private Equity, Venture Capital financing regulations

Bangladesh Securities and Exchange Commission (BSEC) by a notification on June 22, 2015 introduced the regulation. Previously there was no regulation regarding Private Equity and Venture Capital financing in Bangladesh. The rules called Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015 (the Rules) became effective from June 22, 2015.

The rules cover private equity fund and venture capital fund which will be operated by a fund manager through a registered trust. The fund manager and the trustee must be registered with the BSEC.

[Read more…] about Bangladesh gets its first Private Equity, Venture Capital financing regulations