KATHMANDU, July 9: The Securities Board of Nepal (SEBON) has said it is working to resolve the problems seen at the stock exchange market in order to protect rights and interests of investors.
According to the SEBON, it has prepared a detailed roadmap on capital market development with a time-bound action plan, which will be made public next week, while taking it to implementation immediately. SEBON Spokesperson Niranjay Ghimire said the regulator is serious about the present problems seen at the country’s secondary market.
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Despite putting in a number of efforts to address related problems, the country’s secondary market has been in a downward trend for the past few weeks. The Nepal Stock Exchange index has fallen to as low as 2,601 points from 2,800 points in the past one month.
As per the SEBON, the securities traders and related institutions licensed by the board will be made to carry out the activities in accordance with the instructions given by the board on market-related issues, including the effective implementation of margin trading, within the specified time.
Ghimire claims that a contemporary review of the existing Securities Act, Securities Registration and Issuance Regulations, and other regulations, as well as the Guidelines on Institutional Governance of Listed Institutions, has been initiated to further streamline the public issuance process and regulatory system of securities by creating an environment for a healthier, safer, and more effective capital market.
“As the board is moving forward with its work by giving high priority to protecting the interests of investors, it is requested to take prudent investment decisions based on one’s own study and analysis, taking into account one’s risk-bearing capacity, without falling for anyone’s rumors, misinformation, and hearsay,” the SEBON said in its public statement.
