About CMSF

Capital Market Stabilization Fund (CMSF) was established by the Bangladesh Securities and Exchange Commission (Capital Market Stabilization Fund) Rules, 2021 (CMSF Rule 2021) by Bangladesh Securities and Exchange Commission (BSEC) in exercise of the powers conferred by section 33(1) of the Securities and Exchange Ordinance, 1969. CMSF acts as a custodian of undistributed cash and stock dividend, non-refunded public subscription money and un-allotted rights shares from the Issuer of listed securities. Cash and stocks in the fund will be returned back on due claim by the Shareholders or Investors at any time in the indefinite perpetuity. 

The full version of the Bangladesh Securities and Exchange Commission (Capital Market Stabilization Fund) Rules, 2021 is available online:
https://sec.gov.bd/slaws/Notification_05.07.2021.pdf

For smooth operation of the Fund, the CMSF has following management committees: 
• Operation Management Committee (OMC),
• Audit and Accounts Management Committee (AAMC),
• Risk Management Committee (RMC), 

The OMC shall be responsible and accountable to the Chief of Operation (COO) of the Fund and the COO shall also be responsible and accountable for all operational activities (i.e., buying and selling of listed securities, making investment in securities, providing loan/support to market intermediary and market maker, lending and borrowing of listed securities and settlement of Investors’ claims, etc.) to the BOG. 
 Presently, The Operational Management Committee (OMC) consists of the following members: 
1.    Mr. Kamrul Anam Khan, FCMA, Chief Accountant (ED), BSEC
2.    Mr. Md. Monsur Rahman, Director, BSEC
3.    Mr. Mohammed Humayun Kabir FCA, President (2026), SAFA
4.    Mr. Md. Abdul Mutaleb, Managing Director, CDBL.

 Mr. Kamrul Anam Khan, FCMA is now the Chairman of the  Operational Management Committee and Mr. Md. Wasi Azam is working as Head of Operations of the Fund.

Cash and stocks in the fund will be returned back to the owners on due claim. If any shareholder or securities holder claims his/her cash dividend after transfer of such dividend to the bank account of the CMSF, within 15 (Fifteen) days of receiving such claim, the Issuer shall, after proper verification of the claim, recommend with detailed information as mentioned in the proviso of rule 9 (1) of the CMSF Rule 2021 to the COO to pay off such dividend. 

Similarly, if any Shareholder claims his/her stock dividend after transfer of the dividend to the BO Account of the CMSF, within 15 (Fifteen) days of receiving such claim, the Issuer shall, after proper verification of the claim, recommend with a detailed information as mentioned in the proviso of rule 9 (2) of CMSF Rule 2021 to the COO to transfer the stock dividend from the BO Account of the CMSF. Provided that the COO shall, after due scrutiny with the recommended information and approval of the Board or the OMC for settlement of investors' claims as the case may be, pay off or transfer the cash and/or stock dividend to the claimant’s bank account through Electronic Fund Transfer (EFT) and/or BO Account within 15 (fifteen) working days of receiving of such recommendation with intimation to the concerned issuer.

Furthermore, CMSF is resolving the claims of shareholders of delisted companies. As of right now, any Beximco Synthetics shareholder can transfer in shares to CMSF and receive cash in exchange for them.

Conclusion: The Ministry of Finance has published a draft Capital Market Stabilization Fund Ordinance/Act, 2026 for public consultation. The proposed legislation aims to establish a more robust statutory framework for CMSF, which will encompass provisions regarding governance structure, fund administration, and investor protection mechanisms.

Here are the CMSF Bank and BO Details:

CMSF Bank Account:

Account Title: Capital Market Stabilization Fund 
Account Number:  0200024408588 
Bank Name:  Agrani Bank PLC 
Branch Name:  Principal Branch 
Routing Number:  010275359 

CMSF BO: 

A/C Holder Name: Capital Market Stabilization Fund 
BO ID: 1201530074571230 
DP: ICB Securities Trading Company Limited 
DP ID: 15300