SEBON Unveils Draft Collective Investment Fund Policy 2083 for Public Consultation
Summary
SEBON has published the draft Collective Investment Fund Policy, 2083 for public consultation to modernize Nepal’s mutual fund industry and strengthen investor protection. The proposal prioritizes open-ended schemes, ETFs, REITs, infrastructure funds and green funds, while also adding digital services and cybersecurity requirements.
Key Points
- SEBON has released the draft Collective Investment Fund Policy, 2083 for public consultation and invited feedback from investors and stakeholders.
- The policy aims to create a modern regulatory framework for collective investment funds, with emphasis on transparency, investor protection and long-term capital mobilization.
- It prioritizes open-ended mutual funds and proposes new instruments such as ETFs, REITs, infrastructure funds and green funds.
- The draft also strengthens rules on fund manager capability, disclosure, fee structures, liquidity management and cybersecurity.
