Two separate bills on BSEC and IDRA passed in the Jatiya Sangsad

Two separate bills were passed in the Jatiya Sangsad today to amend existing laws by removing the maximum age limit for the posts of chairman and commissioner of the Bangladesh Securities and Exchange Commission (BSEC), as well as chairman and member of the Insurance Development and Regulatory Authority (IDRA).

With the passage of the bills, the government will now be able to appoint individuals of any age to lead these two regulatory bodies.

Finance Minister Amir Khosru Mahmud Chowdhury placed the Bangladesh Securities and Exchange Commission (Amendment) Bill, 2026 and the Insurance Development and Regulatory Authority (Amendment) Bill, 2026 separately in Parliament.

The bills were later passed by voice vote, with Deputy Speaker Barrister Kayser Kamal presiding.

Under the existing law, individuals are ineligible to be appointed or continue as chairman or commissioner of the BSEC after the age of 65. The amendment removes this restriction.

Similarly, the current IDRA Act bars individuals from serving as chairman or member after the age of 67. The new bill proposes to abolish this provision as well.

Statements outlining the objectives of the bills note that the changes are intended to modernise the laws, allowing the appointment of experienced, skilled, and knowledgeable individuals to key decision-making roles.