Dhaka, Nov. 14 -- The Bangladesh Securities and Exchange Commission (BSEC) has published the "Mutual Fund Rules, 2025", officially ending the approval process for new term (closed-end) mutual funds in the country.

The rules were issued through an additional gazette on Wednesday and took effect immediately after publication, according to a BSEC notification released on Thursday.

Under the new regulations, BSEC will no longer approve any new term-based mutual fund schemes.

Only open-ended funds will be allowed going forward, although special provisions have been made for existing term funds to manage their ongoing operations.

The rules include a new safeguard for investors. If the average market price per unit of a mutual fund drops by ...