Dhaka, March 17 -- The Bangladesh Securities and Exchange Commission (BSEC) aims to reduce its 'absolute dependence' on its own officials, as Chairman Khondoker Rashed Maqsood has expressed concerns about being unable to rely on them to manage the stock market effectively.

The chairman has proposed bringing in 19 officials from the Ministry of Finance to BSEC.

A request has been made to appoint three executive directors, three directors, a commission secretary, and 12 joint or additional director-level officials from the Ministry's Financial Institutions Division.

The Rashed Maqsood Commission believes this move will help maintain the confidentiality of the commission's work.

On March 5, the BSEC chairman made this request in a report...