The Nepal Securities Board (SEBON) has formed a seven-member task force to improve and make primary market more investor-friendly.
The Nepal Securities Board (SEBON) has set up a special group called the ‘Primary Market Reform Facilitating Task Force’. This group aim to make the primary market clearer, more trustworthy, and better for investors.
Who Is In The Task Force?
The seven-member team is headed by the Executive Director from SEBON’s Regulation Department. It includes three SEBON employees, a representative from Nepal Stock Exchange (NEPSE), president of Merchant Bankers Association of Nepal, and the convener of the Capital Market Committee of Nepal Federation of Chambers of Commerce and Industry (FNCCI).
This task force can also invite experts from other groups if needed. These groups include the Institute of Chartered Accountants of Nepal (ICAN), Electricity Regulatory Commission (ERC), Independent Power Producers’ Association, Nepal (IPPAN), Stock Broker’s Association of Nepal (SBAN), and CDS and Clearing Limited (CDSC).
What Is The Task Force’s Goal?
The task force was formed to put into practice the regulatory changes outlined in the capital market policy for the fiscal year 2083/84. Their first meeting took place on Shrawan 19.
The group will prepare suggestions for improving various parts of the primary market. This includes areas like Initial Public Offerings (IPOs), book building, merchant bankers, how IPOs are allotted, digital IPOs, rules for IPO eligibility, pricing, institutional and anchor investors, due diligence, and monitoring after an issue.
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.
