Kathmandu. Kathmandu: The Securities Board of Nepal (SEBON) has pledged to keep the interest of the share investors at the centre. At the same time, Sebon is looking for capital market reform in the coming fiscal year 2083. It has made public the programs to be included in the policy and program of 84 with priority.
Sebon made the announcement in a statement today. “Nepal’s capital market is now at a critical juncture of development. “However, works have been carried out in the areas of institutional development of capital market, use of digital technology, expansion of investors’ access and regulatory framework,” the statement said, “However, the size and depth of the capital market, the diversity of financial instruments, the role of institutional investors, the development of the corporate bond market and the interrelationship with the productive sector and the interest of the investors have been kept at the center of the fiscal year 083 of the Securities Board of Nepal.” In order to implement the policies and programs of the 84 Fiscal Year in a time-bound manner, we inform all the stakeholders that the following programmes will be prioritized and forwarded. ’
Market Reform Programs
- Inter-agency coordination regarding preliminary investigations of securities offences will be enforced,
- } Giving priority to investor safety, effective regulatory oversight will be conducted on the dissemination of information from Finifus, unauthorized investment advice, misleading publicity, market influencing activities through social media and anti-financial frauds
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- In order to make the public issue more systematic, an arrangement will be made to improve the policy system by incorporating the suggestions received from the stakeholders and making an objective study of the financial and managerial aspects of the company,
- Securities Board of Nepal (SEBON) has already issued guidelines on margin trading and if there are any limitations in the implementation of the transaction and if there are any limitations, arrangements will be made to operate the business as soon as possible by maintaining coordination with the Securities Board, Nepal Rastra Bank, Nepal Stock Exchange, CDSC and securities brokers
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- The closing period and allotment provisions of the mutual fund will be reviewed to maintain a balance between the demand and supply of securities during the listing period,
- Primary and secondary market fees will be reviewed to reduce the transaction cost of investors,
- Nepse Index will be retained as an All Equity Index and a new index will be developed on the basis of tradable shares and arrangements will be made to calculate the benchmark index,
- Practices adopted with regard to capital raising from corporate entities prior to the initial public offering (IPO) from ordinary investors using social media will be regulated.
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In addition to these reforms, Nepal’s Capital Market Development Roadmap for the Next Decade, 2083 and Fiscal Year 2083 prepared by the Securities Board of Nepal (SEBON) has been prepared by the Securities Board of Nepal in a reliable, transparent, competitive, inclusive and conforming to international standards and mobilizing national savings in the productive sector and making significant contribution towards economic transformation. The capital market policy of 84 and its implementation action plan will be made public through the Board’s website.
