BSEC introduces single-window system to speed up IPO review process

Stock exchanges will incorporate the commission’s observations into their assessments before submitting recommendations on IPO applications.

The Bangladesh Securities and Exchange Commission (BSEC) has decided to introduce a single-window review system for initial public offering (IPO) applications to streamline the scrutiny process, improve coordination and reduce processing time.

The decision was taken at a commission meeting held today (10 November).

According to a press release, under the proposed system, stock exchanges will be able to receive observations from the commission while reviewing an IPO application. The exchanges will then examine the BSEC’s observations alongside their own findings before submitting recommendations to the commission on the application.

The entire IPO application review process will be conducted through the stock exchanges under this single-window arrangement.

The BSEC expects the new system to simplify the IPO process for companies, reduce the time required for reviewing applications and make the overall approval process faster.

Source: The Business Standard