The Securities Board of Nepal (SEBON) Chairman Dr. Gopal Prasad Bhatta has asked NEPSE and CDSC to submit a concrete action plan for starting short selling services in the country’s capital market.
The Securities Board of Nepal (SEBON) Chairman Dr. Gopal Prasad Bhatta has stepped up speed to improve the stock market. He has directed Nepal Stock Exchange (NEPSE) and CDS and Clearing Limited (CDSC) to prepare a concrete action plan to bring short selling service into operation.
This instruction came after a discussion held with top officials of NEPSE and CDSC. The meeting was about implementing the Capital Market Development Roadmap, 2083 and Capital Market Policy for fiscal year 2083/84. Chairman Bhatta asked them to submit detailed action plan related to market development programs to the board as soon as possible.
Work on Infrastructure and Legal Reforms
During the discussion, Chairman Bhatta asked officials to quickly identify structural requirements, including legal reforms, manpower, and technology, that are needed for short selling service. He also made it clear that SEBON is fully committed to helping and developing required infrastructure for this service.
In the recently released Capital Market Policy and Implementation Plan, SEBON has given high priority to new financial instruments and expanding services. Under this, starting short selling service is being taken forward as major reform for Nepalese stock market.
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.
