Department Details

Legal Affairs Department

The Legal Affairs Department at Capital Market Stabilization Fund (CMSF) plays a crucial role in ensuring legal compliance, and risk mitigation, and providing strategic legal counsel to support the organization's objectives. The department is dedicated to maintaining the highest standards of legal integrity while safeguarding the interests and reputation of CMSF.

Key Responsibilities:

• Analyze claim settlements and provide legal recommendations.
• Proactively tackle tasks assigned by the Board.
• Draft and file plaints/complaints and written statements on behalf of CMSF.
• Liaise with and support panel lawyers by supplying necessary information.
• Represent CMSF in court proceedings as instructed by the authority.
• Offer expert opinions on various issues across departments.
• Streamline routine tasks for maximum efficiency.
• Adhere to the guidelines outlined in the Capital Market Stabilization Fund Rules of 2021 (CMSF Rule 2021) by the Bangladesh Securities and Exchange Commission (BSEC) and comply with any directives issued by BSEC for regulatory adherence.

Legal Compliance

• Stay abreast of relevant laws and regulations impacting CMSF's operations.
• Develop and implement policies and procedures to ensure compliance with applicable legal requirements.
• Conduct regular legal audits to identify and address compliance issues.

Claim Settlement

As a fund, CMSF primarily focuses on resolving claims from shareholders who possess unclaimed stocks and dividends in various listed companies. The pivotal responsibility of the "Legal Affairs Department" involves meticulously examining and validating the legal documents provided by claimants. This includes thorough scrutiny and verification of the power of attorney, certificate of inheritance, personal details, court orders, and other documents submitted by claimants or their legal heirs.

Contract Management:

Draft, review, and negotiate various contracts, agreements, and legal documents. Collaborate with different departments to ensure contractual compliance and mitigate risks.

Risk Management:

Identify and evaluate legal risks related to the activities of CMSF. The legal team is a Risk Management Committee (RMC) committee member. The legal team conducts regular RMC meetings to identify, minimize, and mitigate risks associated with CMSF. The legal affairs team is actively formulating risk mitigation strategies and offers proactive legal counsel to the management team.

Policy Development:

Work collaboratively with other departments to develop and update internal policies and guidelines.

Ensure that policies align with legal requirements and industry best practices.

Litigation and Dispute Resolution:

Manage and oversee any legal disputes involving CMSF. Work closely with external legal counsel when necessary and represent CMSF's interests in legal proceedings.

Regulatory Affairs:

Interface with regulatory bodies and authorities to address legal matters and maintain positive relationships. Keep the organization informed about regulatory changes that may impact CMSF.

Training and Awareness:

Conduct legal training sessions for employees to enhance legal awareness and compliance. Foster a culture of legal consciousness within the organization.