SEBON Introduces IT Policy 2083 to Strengthen Digital Security and Transparency in Capital Market
Summary
SEBON has introduced the SEBON Information Technology Policy, 2083 to improve digital security, transparency and regulatory capacity in Nepal’s capital market. The policy sets new IT security standards, mandates disaster recovery and business continuity plans, and pushes the adoption of FinTech, SupTech and RegTech.
Key Points
- SEBON has implemented the SEBON Information Technology Policy, 2083, effective from Kartik 18, 2083, to strengthen secure use of IT in the capital market.
- The policy sets three levels of IT security standards for SEBON and key market participants, including brokers, dealers, merchant bankers, credit rating agencies and share registrars.
- It requires disaster recovery mechanisms, business continuity plans, annual drills, vendor due diligence and stronger controls for IT outsourcing.
- The framework promotes emerging technologies such as FinTech, Regulatory Sandbox, SupTech and RegTech to improve market transparency and supervisory capacity.
