Finance Committee Directs Immediate Appointment of NEPSE, CDSC CEOs
Summary
The House of Representatives’ Finance Committee has directed the Ministry of Finance to immediately appoint CEOs at Nepal Stock Exchange and CDS & Clearing Limited. The committee also urged the government to bring the new Securities Bill to Parliament soon to address legal and structural issues in the securities market.
Key Points
- The Finance Committee has ordered the Ministry of Finance to immediately appoint CEOs at NEPSE and CDSC.
- NEPSE has lacked a permanent CEO since the resignation of Chudamani Chapagain, while CDSC has been run by Acting CEO Kanchan Sapkota.
- The committee wants the new Securities Bill introduced in Parliament soon to resolve legal and structural problems in the securities market.
