BSEC moves to speed up IPO approval process

The Bangladesh Securities and Exchange Commission has moved to ease and speed up the initial public offering approval process with a view to increasing the depth of the country’s stock market and the fund flow to the market.

The stock market regulator formed a committee last week in this connection. BSEC chairman Shibli Rubayat-Ul-Islam told New Age that the commission was working to remove various hurdles to the IPO issuance by companies.

He said that the regulator was trying to cut down decision-making time for an IPO application to three months. There are rules regarding time limit for making decision over an IPO and the regulator will implement the rules, Shibli said.

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