Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-ul-Islam said the listed companies that have not deposited the portion of the undistributed dividend to the Capital Market Stabilisation Fund (CMSF), will be penalised soon after the audit report.

He said the regulator will not allow investors' assets to remain in others' possession.

He said this while speaking as the chief guest at a seminar titled 'Risk Management Framework of CMSF' organised by the Capital Market Stabilisation Fund (CMSF) authority in the capital on Thursday.

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CMSF Chairman and former Chief Secretary to Prime Minister Najibur Rahman presided over the event.

Professor Shibli said that Tk225 crore has already been invested in the stock market from the CMSF. 

In the first year, the profit from this fund was Tk11 crore and expect more to come this year, he said. 

Those who come here to invest will pay Tk2 crore, we will also give Tk2 crore, the BSEC Chairman said.

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Professor Shibli said, “We are trying to create a stable market from all sides.”

He expressed hope that when the trading of government bonds starts in the capital market, the transaction will increase from Tk1000 crore to much more.

He said, “There is a confidence crisis in the market. From there, we are working to get back the confidence of the investors. Hopefully, we will get success in our efforts soon. Because in our work, I will take advice from you, that is, the people related to the market, which work to do first.”

The former governor of Bangladesh Bank Mohammad Farasuddin said the capital market needs to be strengthened by releasing banks from long-term liabilities.

President of FBCCI Jasim Uddin said that the capital market is progressing and could have done better.

“Our investors invest without understanding; many consider it as a fixed deposit. It is never expected. It will be difficult to get funds from this market if it goes to big business,” he said.