SEBON Publishes Draft Directive on General Eligibility for Public Issuance
Summary
SEBON has released a draft directive on general eligibility for public issuance, seeking stakeholder feedback within seven days. The framework aims to improve transparency, corporate governance, and investor protection in Nepal’s capital market.
Key Points
- SEBON has published the draft “Directive on General Eligibility for Public Issuance, 2083” for public feedback.
- The proposal sets eligibility, governance, disclosure, due diligence and post-issuance requirements for companies seeking to issue securities to the public.
- The directive is part of the Capital Market Strengthening and Revival Action Plan, 2083, released by the Ministry of Finance.
- SEBON says the framework will make public issuance more systematic, transparent and aligned with international standards.
