Economic Reporter :
Bangladesh Securities and Exchange Commission (BSEC) will publish its official gazette of venture capital norms soon, which was unveiled more than a year ealier
“We are going to publish venture capital rules soon for allowing startups and small businesses to raise fund through venture capital,” said BSEC Chairman M Khairul Hossain on Thursday.
Khairul was speaking at a seminar on “Venture Capital for Startups” arranged on the sidelines of a three-day flagship annual event of the country’s ICT sector with the theme “Non-stop Bangladesh” in the city.
“For listing small companies having low-paid capital, we are formulating the rules. This will help boost the stock market,” said the BSEC chief. On June last year, the capital market watchdog unveiled the guidelines called the “Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015” to govern the venture capital firms.
The rules came into force immediately after publication in the official gazette. Over the past several years, venture capital firms that are relatively new in the country have been operating their businesses in absence of such rules.
Under some excerpts from the slew of new norms, venture capital fund could be invested primarily in non-listed equity and equity-linked securities of startups with less than two years of operational history or green field companies or emerging early-stage undertakings mainly involved in new products, services, technologies or intellectual property rights based activities or new business models.
Bangladesh Securities and Exchange Commission (BSEC) will publish its official gazette of venture capital norms soon, which was unveiled more than a year ealier
“We are going to publish venture capital rules soon for allowing startups and small businesses to raise fund through venture capital,” said BSEC Chairman M Khairul Hossain on Thursday.
Khairul was speaking at a seminar on “Venture Capital for Startups” arranged on the sidelines of a three-day flagship annual event of the country’s ICT sector with the theme “Non-stop Bangladesh” in the city.
“For listing small companies having low-paid capital, we are formulating the rules. This will help boost the stock market,” said the BSEC chief. On June last year, the capital market watchdog unveiled the guidelines called the “Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015” to govern the venture capital firms.
The rules came into force immediately after publication in the official gazette. Over the past several years, venture capital firms that are relatively new in the country have been operating their businesses in absence of such rules.
Under some excerpts from the slew of new norms, venture capital fund could be invested primarily in non-listed equity and equity-linked securities of startups with less than two years of operational history or green field companies or emerging early-stage undertakings mainly involved in new products, services, technologies or intellectual property rights based activities or new business models.
