MP Lima Adhikari Questions Securities Board of Nepal's Regulatory Role
Summary
MP Lima Adhikari has criticized the Securities Board of Nepal for its reactive regulatory approach and questioned ongoing issues like margin trading, artificial price hikes, and fund managers' flipping tendencies in the Nepalese stock market.
Key Points
- MP Lima Adhikari questioned the Securities Board of Nepal's regulatory effectiveness regarding margin share trading and artificial price hikes.
- She highlighted the increasing flipping tendency among fund managers and asked about preventive measures like lock-ins or quota restructuring.
- Adhikari accused SEBON of being reactive rather than proactive and unable to detect long-standing margin trading violations.
- She raised concerns about pre-IPO premium determinations and the security of collected funds, as well as the sufficiency of current lock-in periods to prevent promoter exits.
