The bourse has already made a primary draft on the changes now under review, sources said.

The DSE is likely to define specifically a company's eligibility for being listed on the stock exchanges as the present regulations lack in such a clear definition.

There is also no clear instruction for de-listing of a company in the listing regulations. If the changes are made, it will be possible to ascertain in which cases a company will be identified for being de-listed.

Following the commencement of Central Depository Bangladesh Limited (CDBL), some operational changes are made in the bourses, but the changes are yet to be covered by the DSE Listing Regulations.

The DSE plans inclusion of the criteria of the SEC corporate governance guidelines, issued early this year by the capital market watchdog.

The premier bourse also plans to set criteria for listing new venture or green-field companies.

"We need another two or three meetings to complete the review. And we are hopeful we can submit the final draft on the changes to the Securities and Exchange Commission in the next month for its approval," said DSE Chief Executive Officer Salahuddin Ahmed Khan.

He said the DSE took the initiative to upgrade the listing regulations as all the above factors are already in practice in the bourses of the neighbouring countries.

With the updates of the listing regulations, it will help smooth the listing and de-listing process besides encouraging the companies, especially the new ventures, to get listed on the stock exchanges, the DSE CEO said.

"It will also help the market in developing further and protecting the investors' interests as well," he added.