Dhaka Stock Exchange asked to set out 10-year business plan

January 20, 2021 08:40:12

| Updated:

January 20, 2021 11:02:59

The securities regulator has sought a ‘comprehensive’ business plan of ten years from the Dhaka Stock Exchange (DSE).

The regulatory instruction came Tuesday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).

The BSEC commissioner Shaikh Shamsuddin Ahmed presided over the meeting attended by BSEC executive director Mohammad Saifur Rahman, DSE director Md. Shakil Rizvi, DSE managing director (in-charge) Abdul Matin Patwary, among others.

“As per the regulatory instruction, the business plan must include the exchange’s target set for operations, IT, human resources, introduction of new products and market monitoring,” said the DSE’s managing director Mr. Patwary.

He said the comprehensive plan will have to be submitted to the securities regulator after taking their board’s approval.

“The exchange will have to submit at least a draft of its business plan within January if it takes enough time to complete the comprehensive business plan,” said Mr. Patwary.

He said the securities regulator wants to know the DSE’s target to be achieved in next ten years.

The BSEC held Tuesday’s meeting with the IT Advisory and Strategy Development Team and related officials of the premier bourse DSE.

“At the meeting, the securities regulator was informed of the steps taken by the DSE to modernise IT infrastructure,” said the DSE’s managing director Mr. Patwary.

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