Bangladesh, Nov. 11 -- The securities regulator has decided to introduce a single-window review system for initial public offering (IPO) applications, aiming to make the approval process more coordinated, efficient and time-saving.

Under the new arrangement, stock exchanges will take the lead in reviewing IPO applications, incorporating the commission's observations alongside their own findings before submitting consolidated recommendations to the Bangladesh Securities and Exchange Commission (BSEC) for final approval.

The decision was taken at a commission meeting on Tuesday, chaired by BSEC Chairman Masud Khan, according to a statement.

The new system is expected to streamline the IPO review process by bringing the scrutiny of stock...