The Nepal Securities Board (SEBON) is moving ahead with plans to enable Non-Resident Nepalis (NRNs) to invest in Nepal’s secondary stock market.
The Nepal Securities Board (SEBON) is setting the stage for Non-Resident Nepalis (NRNs) to invest in the secondary share market of Nepal. This initiative comes as part of the capital market policy for the fiscal year 2083/84. The board aims to attract capital from Nepalis living abroad by introducing essential legal and structural improvements.
Implementation of Recommendations
SEBON plans to put into practice the suggestions from an earlier study report focusing on NRN involvement in the secondary market. The goal is to finalize the required legal provisions, working procedures, and institutional structures within the coming fiscal year.
Investment Process and Fund Repatriation
According to the new policy, the process for NRNs to register, invest in the secondary market, and take their money earned from dividends and share sales back abroad (repatriation) will be made clear and transparent. This process will also align with international practices. To make foreign exchange and tax rules more investment-friendly, SEBON will also coordinate with the Nepal Government and Nepal Rastra Bank.
Digital Access and Investor Education
Currently, NRNs invest in IPOs through digital methods. SEBON is looking to expand this digital access to the secondary market as well, making it easier for NRNs. Furthermore, the board has adopted a policy to conduct investor education programs specifically for NRNs, so they can understand the market better.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
