First Business News Portal in English from Nepal
KATHMANDU: Owing to unwillingness of the leadership at SEBON, stakeholders are doubt in the implementation of the policy and programmes of Securities and Commodities Exchange Market for the fiscal year 2020-21.
The Securities Board of Nepal (SEBON) has released the policy and programme for the fiscal year on July 17.
While the policies and progrmmes is mainly focused on market development, regulatory structuring, institutional regulation and research and investor literacy.
However, the investors has said that it will again lingering while implementation of the policies. “Every year, SEBON releases the plans and programmes but ultimately it will not implement at the end,” an investors said, adding, we need a clear implementation roadmap for the assurance.
The programmes with a focus on market development will work to bring efficiency in the securities and commodity exchange market. SEBON chairperson Bhishma Raj Dhungana talked about introducing bonds to be traded in the market to increase the products available. He mentioned that the necessary procedures were already put forward.
Dhungana mentioned about giving the proposed stock dealer the permission to improve market movement and liquidity. SEBON will also work to create a centralized KYC management system with the coordination of CDS Clearing Limited.
“SEBON is also looking forward to creating an “SME platform” for the trading of securities of small businesses and industries,” he said.
Meanwhile, the institutional regulation section of its policy and programs includes the possibility of SEBON coordinating with international agencies to better improve the trading system, among others.
On the other hand, in the research and investor training section, SEBON is looking forward to studying the feasibility of short selling in the Nepalese stock market and establishing an index fund for passive investors. Also, it has acknowledged the fact that the algorithm to determine the NEPSE index should be made contemporary and up-to-date.
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