Parliamentary Committee Directs Reforms in Capital Market

Kathmandu. The Finance Committee of the House of Representatives has made a 5-point decision to give directives to the government and regulatory bodies regarding Nepal's capital market. The committee has made such decisions targeting the Ministry of Finance, the Securities Board of Nepal (SEBON), the Nepal Stock Exchange (NEPSE), and CDS & Clearing to address the policy, technical, and governance problems seen in the capital market. 1. Directive to Present New Securities Bill in ParliamentTo make the capital market organized and reliable and to clarify the roles, responsibilities, and accountability of regulatory bodies (SEBON, NEPSE, and CDSC), the committee has pointed...