Stock Brokers’ Association Calls for Immediate Implementation of Capital Market Reform Task Force Report

The Stock Brokers Association of Nepal (SBAN) has welcomed the report submitted by the Capital Market Reform Task Force and urged the government to implement its recommendations without delay.

The task force, formed under the directive of Finance Minister Rameshwor Khanal and led by Acting Executive Director of the Securities Board of Nepal (SEBON), Rupesh KC, submitted its report to the ministry last week. Following the submission, Minister Khanal directed SEBON, Nepal Rastra Bank (NRB), and the Nepal Stock Exchange Ltd. (NEPSE) to initiate necessary measures based on the report’s findings.

In response, SBAN called for the immediate enforcement of the proposed reforms to ensure the stability and growth of the capital market.

SBAN President Sagar Dhakal stated that Finance Minister Khanal’s proactive efforts toward sustainable development and reform of the capital market would serve as a milestone for Nepal’s financial sector. He noted that the task force’s suggestions, such as removing the limit on share-backed loans, lifting restrictions on banks and financial institutions from trading shares, introducing new financial instruments, and restructuring and privatizing NEPSE, are highly positive and timely.

Dhakal emphasized that although many task forces in the past had submitted reports for sectoral reforms, their recommendations often remained unimplemented. He expressed confidence that this time, the government would translate the task force’s proposals into action, adding that swift implementation would pave the way for a more vibrant and promising future for Nepal’s capital market.