Dhaka, April 26 -- The government has approved amendments to remove the age limit for appointing chairmen of the Bangladesh Securities and Exchange Commission (BSEC) and the Insurance Development and Regulatory Authority (IDRA), paving the way for the appointment of experienced candidates to the two key regulatory bodies.

The Cabinet Division approved the changes by amending the Bangladesh Securities and Exchange Commission Act, 1993 and the Insurance Development and Regulatory Authority Act, 2010, officials said.

Finance Minister Amir Khosru Mahmud Chowdhury told The Financial Express on Saturday afternoon that the changes were made to facilitate the appointment of qualified and experienced candidates.

Officials at the Financial Insti...