The Securities Board of Nepal (SEBON) has officially released the capital market reform report crafted under the guidance of former Deputy Governor of Nepal Rastra Bank, Mr. Chintamani Shiwakoti.
This research, commissioned by the Government of Nepal and ratified during the Cabinet session conducted on 5th Poush 2081, investigates the viability of permitting numerous structured entities to run stock exchanges in the nation.
Even though the government had previously resolved to enact the report and tasked SEBON with the duty through the Ministry of Finance, the report had remained undisclosed until today. SEBON unveiled the comprehensive report on Tuesday.
The Shiwakoti Committee has advocated for a fundamental overhaul of the current Nepal Stock Exchange (NEPSE) and the establishment of new stock exchanges via a licensing framework. It additionally delineates various legal and policy-oriented recommendations for the government to aid the entry of extra stock exchange operators into Nepal’s capital market.
