SEBON brushes out baseless rumors of PAN implementation; clarifies PAN implementation only after cross sectorial readiness

SEBON has expressed its concerns towards the unnecessary rumors that are making round in the market regarding the implementation of Permanent Account Number (PAN) for the Nepalese investors. Issuing the press statement, the market regulator has clarified that the implementation of PAN in stock market is unavoidable in a future as per the directives from the Federal budget and Ministry of Finance. However, it has made clear that the new system will be implemented only after making sure that the market has enough infrastructure for its implementation as well as the investors’ awareness regarding the subject.

Thus, the board has urged the investors not to be caught by the baseless rumors that are making rounds in the market about the implementation of PAN and to make wise investment decisions.