Securities Board of Nepal Unveils Three-Phase Capital Market Reform Strategy
Summary
The Securities Board of Nepal has unveiled a three-phase reform strategy for the primary and secondary capital markets, with plans to tighten regulation, restructure brokers, and strengthen NEPSE and CDSC. Chairman Gopal Prasad Bhatta said new rules on IPOs, price discovery, cybersecurity, and market instruments will be introduced gradually.
Key Points
- The Securities Board of Nepal has launched a three-phase reform plan for the primary and secondary markets, focused on policy reform, infrastructure development, and institutional strengthening.
- Chairman Gopal Prasad Bhatta said new rules on IPO issuance, price discovery, qualified institutional investors, and allotment systems have been finalized for gradual implementation.
- SEBON plans to restructure broker firms, strengthen NEPSE’s trading and cybersecurity systems, and implement 31 to 32 new regulatory arrangements.
- The board is also moving to reform CDSC as a Central Counterparty and prepare for new instruments such as intraday trading, short selling, and derivatives.
