NCC Urges Reversal of CDSC's New Share Guidelines, Citing Investor Risk and Market Instability

The Nepal Chamber of Commerce (NCC) has strongly opposed the proposed “Securities Dematerialization Operational Guidelines 2082” by CDS and Clearing Limited (CDSC), calling them impractical and harmful to investor confidence.

The NCC criticizes key provisions such as assigning separate ISIN numbers to promoter and public shares and blocking automatic conversion after the lock-in period. They argue that these changes contradict global practices, undermine trust, and may destabilize Nepal’s young capital market.

The NCC warns of serious economic repercussions across sectors like energy, cement, and manufacturing, and urges SEBON and the government to intervene and revise the directive. It stresses the need for investor-friendly policies to ensure market stability, liquidity, and continued growth.