The stock market regulator is working alongside the Bangladesh Bank to minimise complexities regarding investments of non-resident Bangladeshis (NRBs) in the capital market, said BSEC Commissioner Dr Shaikh Shamsuddin Ahmed.
On Monday, he spoke at an online public hearing meeting for NRBs jointly organised by the Bangladesh Securities and Exchange Commission (BSEC) and the Dhaka Stock Exchange (DSE).
Dr Shaikh Shamsuddin Ahmed said, "The commission wants to ease the process of NRB investment in the capital market so that NRBs can invest without hassle."
He said the cost of Non-Resident Investors Taka Accounts has been reduced for investors.
He further said, "Digital BO [beneficiary owners] have been introduced to facilitate the opening of BO accounts. Now, BO accounts can be opened from any part of the world."
"In addition, digital booths have been introduced for transactions abroad. This started last month with the opening of a digital booth in Dubai. Such booths will be introduced in many countries, gradually," he said.
BSEC Commissioner Md Abdul Halim said the regulator considers public hearing views from the participants for the interest of the investors.
BSEC Executive Director Mohammad Rezaul Karim said, "NRB investors face a few problems during initial public offerings (IPOs). This will be eased so that they can apply more in the primary market."
He said that more than 80 thousand investors applied for IPOs, adding, "The share allotment and refunds are completed through the lottery, which takes time."
"The commission is working to minimise time getting a refund for the IPO lottery," he continued.
Abdul Matin Patwari, acting managing director of the DSE; Sharif Anwar Hossain, president of DSE Brokers' Association; and Robiul Islam, senior manager of the DSE listing department took part in the public hearing.
Presently, NRB investors are enjoying a 10% quota in the IPO shares.