Licensing of new stock exchange in full swing; Waiting for the nod from the new Finance Minister
Securities Board of Nepal (SEBON) has made necessary preparations to introduce new stock exchange in Nepal.
After getting green signal from the Finance Ministry, SEBON has started making preparations required for the introduction of new stock exchange. It has been preparing various criteria and modality for licensing the new stock exchange.
Beforehand, the Finance Ministry had stated that the authority of licensing a new stock exchange lies within SEBON. So, the board has advanced forward towards the introduction of new board.
The employees of Nepal Stock Exchange had protested earlier when SEBON had decided to provide license to a new exchange. As per the officials of SEBON, the new exchange is likely to get licensed after the appointment of new Finance Minister.
Beforehand, the Finance Ministry had stated that the authority of licensing a new stock exchange lies within SEBON. So, the board has advanced forward towards the introduction of new board.
The employees of Nepal Stock Exchange had protested earlier when SEBON had decided to provide license to a new exchange. As per the officials of SEBON, the new exchange is likely to get licensed after the appointment of new Finance Minister.
