Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Three candidates have been recommended for appointment as the next chairperson of the Nepal Securities Board, setting the stage for a key leadership decision at Nepal’s capital market regulator.
A recommendation committee formed for the selection process has forwarded the names of Binay Dev Acharya, Mukunda Kumar Kshetri, and Dr. Gopal Prasad Bhatt to the government for final consideration.
The committee had previously shortlisted four candidates. However, the name of Dr. Navaraj Adhikari was excluded from the final recommendation list, leaving three contenders in the race for the top post at the securities regulator.
The government will appoint one of the recommended candidates as chairperson of the securities board, a crucial institution responsible for regulating Nepal’s stock market, securities trading, and investor protection.
According to government sources, Prime Minister Balen Shah has called a Cabinet meeting for 3:30 PM on Monday, where the appointment is expected to be finalized.
Finance Minister Dr. Swarnim Wagle is expected to table the proposal during the Cabinet meeting, with ministers likely to choose one of the three nominees for the leadership position.
The appointment comes at a critical time for Nepal’s capital market as investors closely watch regulatory reforms, stock market governance, and new policy measures affecting securities trading and market expansion.
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