SEBON Orders probe into NEPSE trading halt
Summary
The Securities Board of Nepal has ordered Nepal Stock Exchange to investigate a technical fault that halted regular trading and submit recommendations to prevent similar disruptions. A five-member inspection team will examine the incident and SEBON says it will use the findings to improve market safety and transparency.
Key Points
- The Securities Board of Nepal directed NEPSE to investigate the technical problem that forced a suspension of regular trading.
- A fault at a data centre hosting servers for 72 broker companies disrupted trading on September 20 and led NEPSE to halt the market on September 21.
- SEBON has formed a five-member inspection team to study the incident and assess its impact on the trading system.
- The board says it will use the report to introduce reforms that improve the reliability and security of Nepal’s securities market.
