SEBON revisits the first six months of the fiscal year 2076-77; briefs the media about the progress made so far in the only stock market of the nation

Securities Board of Nepal has organized a press meet on Magh 1, 2076, which turned out to be the first interaction with the press for the newly appointed board’s Chairman. In the press meet, the regulatory body has revisited the progress made throughout the last six months of the fiscal year 2076-77 and has come up with a list of jobs that were completed and those which are currently going on.

The board informed that it has 

*Addressed 68% of the total 58 pointed solutions that was presented by the study committee formed by the government

*Implemented Securities Board Information Technology Act 2076

*Revised the Securities Allotment Bylaws 2073 and presented the same to the Ministry of Finance for its approval

*Revised Bylaws on securities registration, mutual fund managers, merchant bankers, credit rating agencies, stock brokers and presented the same to Ministry of Finance

*Prepared and submitted the Bylaws on Prevention of Insider Trading 2076 to the Ministry of Finance for its approval

*Began a regular live interactive radio program for stock market investors

*Started electronic transaction of debentures

*Allowed the investors to determine the base rate of the shares by visiting the CDSC’s website

*Provided nod to 21 stock brokers to begin providing margin loans while three has already began the service

*Implemented Specialized Investment Fund Act 2075 and currently reviewing 5 applications to operate the fund in Nepal.

*Conducted market survey on Trust Act and prepared the draft bylaws