SEBON moves to introduce intraday stock trading to boost market
Summary
SEBON has proposed introducing intraday trading in Nepal’s capital market in phases, starting with a buy-first, sell-later model for eligible securities. The regulator has also outlined advance disclosure rules for large shareholders of NEPSE-listed companies before significant share sales.
Key Points
- SEBON has released a concept paper to introduce intraday trading in Nepal’s capital market in phases.
- The initial model would allow only buy-first, sell-later trades, with sell-first, buy-later considered later after securities lending and borrowing systems are in place.
- The proposal aims to improve liquidity, price discovery, market modernization and investor protection through tighter risk controls and surveillance.
- SEBON has also proposed requiring substantial shareholders of NEPSE-listed companies to give 15 days’ notice before selling 5 percent or more of their holdings.
