Bangladesh Securities and Exchange Commission

The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The commission is a statutory body and attached to the Ministry of Finance.
History.
BSEC was established on 8 June 1993 under the Securities and Exchange Commission Act, 1993. The Chairman and Members of the commission are appointed by the government and have overall responsibility to administer securities legislation. The commission, at present has three full-time members, excluding the Chairman. The current Chairman of the commission is Professor Shibli Rubayat Ul Islam. The commission is a statutory body and attached to the Ministry of Finance.
Initially named simply as the "Securities and Exchange Commission", on 10 December 2012, its name was officially changed to the "Bangladesh Securities and Exchange Commission".
During the 2011 Bangladesh share market scam the BSEC withdrawing various directives given earlier to help stabilise trading at the Dhaka Stock Exchange and was criticised by some commentators for its actions during the subsequent crash.