Securities Board Chairman Dr. Bhatta Outlines New Regulatory Strategy for Capital Market
Summary
Securities Board of Nepal Chairman Dr. Gopal Prasad Bhatta says the board has adopted a new risk-based regulatory strategy to make the capital market more organized and secure. He also said reforms will include stronger supervision, a Central Counter Party system, and stricter good-governance standards for companies entering the market.
Key Points
- The Securities Board of Nepal has adopted a new regulatory strategy based on risk and good governance to strengthen the capital market.
- Chairman Dr. Gopal Prasad Bhatta said institutional and systemic reforms are being started to modernize market operations.
- The board wants a Central Counter Party mechanism to improve settlement of shares and derivatives in the secondary market.
- Companies with weak governance will face tighter scrutiny, while investors will be given fuller and faster information about financial status and risks.
