Dhaka, June 4 -- Bangladesh Securities and Exchange Commission (BSEC) Chairman Khondoker Rashed Maqsood and four commissioners have resigned from their positions, days after the government announced plans to restructure the country's capital market regulator.

The four commissioners who stepped down are Md Mohsin Chowdhury, Md Ali Akbar, Farzana Lalarukh and Md Saifuddin.

They submitted their resignation letters to the Financial Institutions Division under the Ministry of Finance on Thursday, according to officials familiar with the development.

Rashed Maqsood was appointed BSEC chairman on August 18, 2024 for a four-year term. Among the commissioners, Md Mohsin Chowdhury joined on June 2, 2024, Ali Akbar on August 28, 2024, Farzana Lal...