The Bangladesh Parliament has passed the Bangladesh Securities and Exchange Commission (Amendment) Act, aimed at enhancing oversight of the capital market, protecting investors’ interests, and promoting the development of the securities sector. The bill, recommended by a special committee, was approved on Thursday at 11:25 a.m.

Opposition leader Dr. Shafiqul Rahman had called for the bill’s postponement, but the motion was rejected through a voice vote. Alongside this, two additional amendment bills were passed to remove the age limit for appointments to top positions at the Bangladesh Securities and Exchange Commission (BSEC) and the Insurance Development and Regulatory Authority (IDRA).

The legislative changes are expected to provide greater flexibility in leadership appointments and reinforce regulatory capacity in Bangladesh’s financial and insurance markets.