The BSEC was also considering redefining the definition of Price Sensitive Information (PSI) to ensure its due objective
The demise of 62 directors from 32 listed companies were not updated in their respective websites, which prevented investors from getting updated information, said Commissioner of the Bangladesh Securities and Exchange Commission (BSEC), Prof Shaikh Shamsuddin Ahmed, on Saturday.
He also said that about 15% of listed companies’ websites were non-functional, despite it being mandatory by law to keep their information updated at all times. Additionally, 7% of the listed companies did not have any annual report on their websites.
The BSEC commissioner made the remarks at a webinar titled “Technology to Protect and Assist Investors in the Capital Market”, organized on World Investors Week 2020, by Bangladesh Merchant Bankers Association (BMBA) on the day.
He also informed that BSEC was set to allow stockbrokers to open trading booths across the country