The finance minister, Abul Maal Abdul Muhith, will hold a meeting with the capital market stakeholders to discuss the progress of the demutualisation process of the stock exchanges on Thursday.
The meeting will be held at the finance ministry where representatives of the Dhaka and Chittagong stock exchanges, Securities and Exchange Commission, Investment Corporation of Bangladesh, two former SEC chairmen will be present, among others, DSE sources said.
'The government is putting emphasis on demutualisation of the bourses after the probe committee for January's stock market crash had strongly recommended demutualising the stock exchanges,' said a DSE official.
The probe committee in its report suggested that demutualisation of stock exchange should be done immediately as it would resolve conflict of interests among brokers and management of stock exchanges.
In March, the finance ministry asked the bourses to make roadmaps of demutualisation. Both the bourses have already completed the formulation of their roadmaps.
Demutualisation is common practice in different stock exchanges across the globe. Demutualisation, however, separates the conflicting interest groups, the management and the brokerage owners' from the process.
Source : New Age
