SEBON organizes securities and commodities market policies and programs; pledges to establish Securities, Future Market and Financial Education Institute

Today Securities Board of Nepal (SEBON) organized securities and commodities market policies and programs amidst a program. The program was attended by Chairman of SEBON, Rewat B. Karki, CEO of NEPSE, Chandra Singh Saud, CEO of CDS and Clearing, Dev Prakash Gupta, Uttam Aryal from Sharelagani Karta Sangh, Radha Pokhrel from Nepal Pujibazar Laganikatra Sanga, Chote lal Rauniyar from Nepal Investors Forum and Treasurer of Merchant Bankers Association.

Niraj Giri, "The main challenge for us has been to make the capital market more inclusive and technology friendly, and therefore we have framed our policies to best support these efforts."

The new policies states that provisions will be made to facilitate the lock in period that exists for project affected local shareholders and promoter shareholders. The lock in period is not going to be reduced, rather study and review will be done and based on that changes will be made. To invest in any company, the promoters also play an important role in decision making.

The credit rating done by ICRA nepal and CARE nepal, was so far being ignored by investors rendering it not as useful. The new policy, however, gives that necessary provisions will be established for the companies receiving the Best Grading to get subsidy or concessions in Money market.

The board will also be establishing Securities, Future Market and Financial Education Institute (SFFEI) for educational training and research and development for policy formulation in securities and commodities market.