Two amendment bills were placed in the Bangladesh Parliament to remove existing age limits for appointments to the top positions of the Bangladesh Securities and Exchange Commission (BSEC) and the Insurance Development and Regulatory Authority (IDRA). Finance Minister Amir Khasru Mahmud Chowdhury introduced the bills during a session chaired by Speaker Hafiz Uddin Ahmed. The proposals were later sent to a parliamentary special committee for further review.

The amendment to the Bangladesh Securities and Exchange Commission Act, 1993, seeks to abolish the 65-year age limit for the appointment or continuation of the BSEC chairman and commissioners. Similarly, the amendment to the Insurance Development and Regulatory Authority Act, 2010, proposes to remove the 67-year age restriction for the chairman and members of the authority. According to the explanatory notes, the changes aim to make the laws more contemporary and allow the appointment of experienced and skilled individuals to lead these key financial regulatory bodies.

If passed, the amendments would enable the government to appoint or retain qualified individuals in these leadership roles regardless of age, enhancing flexibility in leadership selection.