Nepal’s share market faces unprecedented lockdown as regulators battle industry over trading rules
Summary
Nepal's stock market expansion is stalled due to a regulatory dispute over classifying promoter and public shares with separate ISINs, threatening promoter capital and causing delays in IPOs across sectors.
Key Points
- Nepal's stock market expansion is frozen due to a dispute over requiring dual ISINs for promoter and public shares.
- CDSC proposes extending dual ISINs beyond banking to all sectors, facing opposition from business groups.
- SEBON has yet to resolve the legal and regulatory authority issues surrounding the dual ISIN directive.
- The dispute is causing delays for IPOs and capital access, impacting sectors like hydropower and energy production targets.
