Bangladesh Capital Market Regulatory Bodies

Bangladesh Capital Market Regulatory Bodies

• 1.
  Group F, 5TH Batch, BICM
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  Serial No NameRoll 01 Sampa Sarkar D5- 08 02 Sharif Mohammad D5- 16 03 Md Mahabub Alam D5- 25 04 Syfol Islam D5- 34
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  Introduction
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  Vision Mission Poverty eradication inBangladesh Formulating monetary & credit policies Maintain price stability & financial system Managing currency issue regulating payment system Being competent and committed professionals of high ethical standards Managing foreign exchange & regulating foreign exchange Vision and Mission
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  ● Formulation andimplementation of monetary and credit policies. ● Regulation and supervision of banks and non-bank financial institutions, promotion and development of domestic financial markets. ● Management of the country's international reserves. ● Issuance of currency notes. ● Regulation and supervision of the payment system. ● Acting as banker to the government. ● Money Laundering Prevention. ● Collection and furnishing of credit information. ● Implementation of the Foreign exchange regulation Act. ● Managing a Deposit Insurance Scheme .
• 7.
  As sated inBangladesh Bank order 1972, The principle objectives of countries monetary policy are:  To regulate currency and reserves To Manage the monetary and credit system ,  To reserve the par value of domestic currency To promote and maintain a high level of production , employment and real income ,  To foster growth of the developments of the country's productive resources in the best national interest .
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  P Preview of BSEC
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  Mission of theBSEC is to: · Protect the interests of the investors in securities. · Develop and maintain fair, transparent and efficient securities markets. · Ensure proper issuance of securities and compliance with securities laws. BSEC REGULATING THE CSE & DSE
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  Main Functions ofBSEC The Commission's main functions are:  Regulating the business of the Stock Exchanges or any other securities market.  Registering and regulating the business of stock-brokers, sub-brokers, share transfer agents, merchant bankers and managers of issues, trustee of trust deeds, registrar of an issue, underwriters, portfolio managers, investment advisers and other intermediaries in the securities market  Registering, monitoring and regulating of collective investment scheme including all forms of mutual funds.  Monitoring and regulating all authorized self regulatory organizations in the securities market.
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  Prohibiting fraudulent andunfair trade practices relating to securities trading in any securities market.  Promoting investors’ education and providing training for intermediaries of the securities market.  Prohibiting insider trading in securities. Regulating the substantial acquisition of shares and take-over of companies.  Undertaking investigation and inspection, inquiries and audit of any issuer or dealer of securities, the Stock Exchanges and intermediaries and any self regulatory organization in the securities market.  Conducting research and publishing information.
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  Parliament on 03March 2010 passed two insurance laws in a bid to further strengthen the regulatory framework and make the industry operationally vibrant. The new laws, came in to effect on 18 March 2010, are Insurance Act 2010 and IDRA 2010. There are 77 insurance companies operating in the country and they need to be regulated under comprehensive laws and guidelines and supervised by a strong regulatory authority.
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  VISION •To make theinsurance industry the premier financial service provider in the country and beyond focusing an efficient corporate sector and capital market securing ever evolving aspiration of society penetrating deep into all segments for high economic growth. MISSION •IDRA mission is to protect the interest of the policy holders and other stakeholders under insurance policy, supervise and regulate the insurance industry effectively, ensure orderly and systematic growth of the insurance industry and for matters connected therewith or incidental thereto VALUE • Ethical norms, unbiased treatment, integrity, blind review, high standard, continuous improvement.
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  ► MRA hasbeen established by the Government of the People’s Republic of Bangladesh under the "Microcredit Regulatory Authority Act 2006” ►To promote and foster sustainable development of microfinance sector through creating an enabling environment for NGO-MFIs in Bangladesh. ►MRA is the central body to monitor and supervise microfinance operations of NGO-MFIs. ► License from the Authority is mandatory to operate microfinance operations in Bangladesh as an NGO.
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  VISION •MRA will createa conducive and healthy environment in the microfinance sector which will ultimately contribute to eradicate poverty as well as foster sustainable development of the country. Mission • To formulate as well as implementing the policies to ensure good governance and transparent financial systems of MFIs. • To conduct in-depth research on critical microfinance issues and provide policy inputs to the government consistent with the national strategy for poverty eradication. • To provide training of NGO-MFIs and linking them with the broader financial market to facilitate sustainable resources and efficient management. • To assist the government to build up an inclusive financial market for economic development of the country. • To identify the priority issues of microfinance sector for policy guidance and dissemination of information to attain the MRA’s social responsibility.
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  According to theAct, the MRA will be responsible for the three primary functions that will need to be carried out, namely: 1. Licensing of MFIs with explicit legal powers; 2. Supervision of MFIs to ensure that they continue to comply with the licensing requirements; and 3. Enforcement of sanctions in the event of any MFI failing to meet the licensing and ongoing supervisory requirements.