Finance Committee Directs Immediate Appointment of NEPSE, CDSC CEOs

The Finance Committee of the House of Representatives has directed the Ministry of Finance to immediately proceed with the appointment of CEOs at Nepal Stock Exchange (NEPSE) and CDS & Clearing Limited (CDSC).

The committee made the decision at its meeting in Singha Durbar today, citing the prolonged absence of permanent leadership at both institutions. NEPSE has been without a permanent CEO since Ashadh 22, 2083 BS, following the resignation of former CEO Chudamani Chapagain. Although eight candidates were shortlisted for the position on Shrawan 26, the appointment has yet to be finalized.

Similarly, CDSC has been operating under Acting CEO Kanchan Sapkota since Baisakh 14, 2083 BS. The committee has also directed the government to bring the new Securities Bill to Parliament soon to address legal and structural issues in the securities market.