KATHMANDU: The Securities Board of Nepal (SEBON) has committed to implementing key suggestions submitted by investors amid growing pressure for immediate capital market reforms.
In a notice issued on Sunday, SEBON said it was moving ahead with the implementation of the recommendations put forth by investors, reaffirming its commitment to address concerns raised by stakeholders in the stock market.
The Board also said it has begun executing activities outlined in the Capital Market Reform Task Force report, which it is required to complete within three months. “A time-bound action plan has been prepared, and the Board will complete all assigned tasks in accordance with that plan,” SEBON stated.
Finance Minister Rameshwor Khanal, shortly after assuming office, had formed the Capital Market Reform Task Force through a ministerial decision on September 19. The task force submitted its report within six days, on September 25.
The report contains a range of recommendations to strengthen and modernize Nepal’s share market. On Sunday, a group of active stock investors held a sit-in at the Nepal Stock Exchange (NEPSE) premises, demanding the immediate implementation of those recommendations and calling for swift government intervention to stabilize the market.
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