The securities regulator on Sunday approved the Bangladesh Securities and Exchange Commission (Substantial Share Acquisition, Takeover and Control) Rules 2018.
The seal of approval was given at a meeting at the office of the Bangladesh Securities and Exchange Commission (BSEC).
The BSEC approved the draft rules on April 24.
The regulator gave its final consent to the draft having sought the public opinion on it.
"A gazette notification on the Bangladesh Securities and Exchange Commission (Substantial Share Acquisition, Takeover and Control) Rules 2018 will be published soon," the BSEC said.
On receipt of public opinion, the regulator also gave its final approval to the draft of 'Corporate Governance Code' the same day.
According to a senior official of the BSEC, Corporate Governance Code has two more conditions for listed companies.
It is mandatory for a listed company to maintain a website and appoint a nomination and remuneration committee.
The managing director and chief executive officer (CEO) of a listed company will not be allowed to hold same posts in other companies.
The company will require necessary approval of its board of directors in case of terminating the top executives.
The CEO and chief financial officer will have to certify the financial statements.
