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.