Dhaka, June 4 -- Khondoker Rashed Maqsood has resigned as the chairman of the Bangladesh Securities and Exchange Commission (BSEC).

He told the media on Thursday that he was resigning as the head of the stock market regulator for personal reasons.

A written statement was later issued by BSEC, citing Rashed.

"After performing the role of chairman, BSEC for last 21 months, I have decided to resign from the public position to focus on personal endeavors," he wrote.

Rashed said he had taken over the leadership at a turbulent time and began a long overhaul of the legal framework and market discipline.

"During this short period, we have already gazetted 5 Rules (Margin, IPO, Mutual Fund, Debt Securities, Whistleblower). We have also publis...