The Securities & Exchange Commission was established in June-1993 and then changed as Bangladesh Securities and Exchange Commission in December-2012 as the regulator of the Bangladesh capital market that comprising Dhaka Stock Exchange and Chittagong Stock Exchange. It defines working process and rules and policies under which the stock exchanges will operate.
Functions of SEC
The main functions of SEC are as follows:
1. Regulating the Stock Exchanges & securities market
2. Registering & regulating stock-brokers, merchant bankers, trustee of trust deeds, portfolio managers, investment advisers, etc.
3. Registering, monitoring & regulating of collective investment scheme of mutual funds
4. Monitoring & regulating all authorized self regulatory organizations
5. Prohibiting fraudulent & unfair trade practices