BSEC chairman and four commissioners resign

The Chairman of the Bangladesh Securities and Exchange Commission (BSEC), Khondoker Rashed Maqsood, along with four commissioners, has finally resigned.

 According to relevant sources, their resignation letters were submitted to the Financial Institutions Division of the Ministry of Finance on Thursday.

The commissioners who resigned are Md. Mohsin Chowdhury, Md. Ali Akbar, Farzana Lalarukh, and Md. Saifuddin.

Khondoker Rashed Maqsood was appointed as Chairman of BSEC on 18 August 2024 for a four-year term. Md. Mohsin Chowdhury was appointed as a commissioner on 2 June 2024. Subsequently, Md. Ali Akbar joined as a commissioner on 28 August 2024, Farzana Lalarukh on 3 September 2024, and Md. Saifuddin most recently assumed office as a commissioner on 29 July 2025.

On Tuesday, during an event, Finance and Planning minister Amir Khasru Mahmud Chowdhury announced that the country's capital market regulator, BSEC, would be restructured within the next two weeks. Just two days after that announcement, the BSEC Chairman stepped down.

It is noteworthy that BSEC officials and employees had been demanding the resignation of Khondoker Rashed Maqsood for several months. They carried out work stoppages, demonstrations, and various protest programs. 

At the same time, general investors also organized human chains, protest marches, road blockades, and other activities, calling for the restructuring of the Commission.