SANGSAD BHABAN, April 28, 2026 (BSS) - Two separate bills were placed in the 
Jatiya Sangsad today aiming to make amendments to remove the maximum age 
limit for the posts of Chairman and Commissioner of Bangladesh Securities and 
Exchange Commission (BSEC) and Chairman and Member of Insurance Development 
and Regulatory Authority (IDRA).

If the two bills are passed, the government will be able to appoint chairmen 
of any age in the two regulatory bodies - BSEC and IDRA.

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

Later, the two bills were sent to a special committee of Jatiya Sangsad to 
examine and report by tomorrow (Wednesday).

According to the existing law, if a person completes the age of 65, he is not 
considered eligible to be appointed as the Chairman or Commissioner of 
Bangladesh Securities and Exchange Commission or cannot continue in office. 
It has been proposed to delete this provision in the bill.

On the other hand, the Insurance Development and Regulatory Authority Act 
states that a person cannot become the chairman or member of the Insurance 
Development Authority if he or she completes 67 years of age. The bill 
brought to Parliament proposes to remove this provision.

Separate statements containing the purpose and reasons for the two bills 
state that the laws need to be made time befitting to appoint experienced, 
skilled and knowledgeable persons to take important decisions.