Finance Ministry Official Suggests Review of 10-Share IPO Policy, Nepal Nearing FATF Grey List Exit
Summary
Finance Ministry Joint Secretary Mahesh Acharya highlights the need to review Nepal's 10-share IPO policy due to its impact on short-term profit-seeking behavior and notes Nepal's progress towards exiting the FATF grey list with significant regulatory reforms.
Key Points
- Finance Ministry Joint Secretary Mahesh Acharya suggests reviewing the 10-share IPO policy to curb short-term profit-seeking and promote long-term investment culture.
- Most investors applying for 10 shares do not research companies and treat IPOs like lottery tickets, according to Acharya.
- Nepal has fully implemented four out of 15 action plan items from FATF and is close to exiting the FATF grey list.
- Coordination among government agencies in financial sector supervision and prosecution is strengthening to meet FATF requirements.
