Data Usage Procedure of NEPSE Has Been Approved by SEBON; To Be Put Into Effect Soon

Wed, Sep 21, 2022 5:07 PM on Latest, NEPSE News, Stock Market,

Securities Board of Nepal (SEBON) has finally approved the Nepal Stock Exchange's (NEPSE) data usage policy. With the protocol approved, Nepal Stock Exchange is now free to sell its data.

Prior to now, the protocol wasn't permitted, so NEPSE was unable to sell its data.

In 2020, SEBON had approved the data usage procedure. Separate fees for various categories of data had been set based on the approved procedure, and notices had also been published. However, the board forbade NEPSE from imposing the procedure, claiming that NEPSE had chosen the amount on its own without consulting the board about the pricing schedule.

However, the board recently approved the protocol. The notification will be made public by NEPSE as soon as the Board of Directors of NEPSE approves it.

For using Nepse data for personal reasons, the protocol must be followed and the required cost must be paid. The data from NEPSE will be available to investment firms, analysts, the media, as well as non-profit educational and research institutions.

But to do that, one must pay NEPSE a monthly fee. Any user of NEPSE data should have a contract with NEPSE that outlines their goals.

According to NEPSE, all information requested by regulatory or research agencies would be given without charge. NEPSE may even prohibit a user's access to its services if it discovers that the user is using data improperly. Additionally, the NEPSE Committee has the authority to impose the statutory fine in cases of loss brought on by unauthorized use of data.