Parliament Passes Securities and Exchange Commission Amendment Bill to Strengthen Capital Market

The bill was passed by a voice vote at 11:25 AM during the session of the 13th National Parliament. The legislation was adopted in its final form as recommended by the Special Committee.

Prior to the passing of the bill, the Leader of the Opposition, Dr. Shafiqur Rahman, made a strong demand to postpone the proceedings. He proposed that the bill should not be passed today, citing the need for further review of various clauses. However, the Members of Parliament rejected his proposal through a voice vote, and the bill was subsequently passed with the majority support of the treasury bench.

The primary objective of this amended law is to empower the commission to foster the sustainable development of the securities market and effectively prevent market manipulation. According to capital market analysts, the enforcement of this new law is expected to restore investor confidence and enhance market stability. The passage of the bill during the session presided over by Speaker Hafiz Uddin Ahmed marks a significant milestone in the ongoing reform process of the country's financial sector.