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Venture Capitalists and Private Investment firms under new rules

The Bangladesh Securities and Exchange Commission has announced that it will be making some changes to the rules and regulations governing Venture Capitalist and Private Equity firms. The firms will be under the jurisdiction of the Alternative Investment Rules which will be published on a gazette notification and posted on the BSEC website. These rules were agreed upon by the BSEC
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BSEC approves ‘alternative investment’ draft rules

On June 22, the Bangladesh Securities and Exchange Commission (BSEC) approved the draft rules for “alternative investment”, allowing foreign and local investments in non-listed companies.   The BSEC officials formulated and approved the rules to promote venture financing and equity investment facilities for non-listed local firms having access to fewer funds –particularly IT firms and infrastructure projects.   "The gazette on the rules of
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