Dhaka, Nov. 13 -- The interim government has amended the mutual fund regulations, barring directors from holding board positions in companies where their managed funds are invested.

"The Bangladesh Securities and Exchange Commission (Mutual Fund) Regulations, 2025", took effect immediately upon publication on Thursday, closing the opportunity to announce any new fixed-term funds.

According to the gazette, "No one shall become a member of a company's board of directors against investment made from any scheme or mutual fund operated under an asset management company."

KEY CONDITIONS

* The paid-up capital of an asset management company must be Tk 100 million. Existing licensed companies with less than this amount will have to raise their...