A four-member committee led by Executive Director at the Securities Board of Nepal (SEBON) has been formed to carry out a study in the existing situation of the capital market, said Finance Minister Janardan Sharma.
He shared this information while addressing the 30th anniversary of the SEBON here Wednesday. “A meeting involving the Finance Ministry, Governor of the Nepal Rastra Bank and the SEBON Chair at the Finance Ministry on Wednesday took a decision to form a committee which is tasked with furnishing suggestions to end problems facing the capital market,” he said.
Other members of the committee are the representatives each from the Ministry and the central bank while the representative of the SEBON is member-secretary. This initiative is expected to help the formulation of the monetary policy and end problems facing the capital market.
On the occasion, Finance Minister Janardan Sharma said the budget for the next fiscal year, 2022/23 had stressed on further strengthening the capital market. It has also covered an array of related subjects like making legal arrangements for non-resident Nepali people to invest in Nepal’s secondary market and the reservation of 10 percent quotas for Nepali migrant workers in every sale of IPO shares.
The Minister reiterated his commitments on behalf of the government to carry out reforms in the capital market and protect investors. He also directed regulators to increase awareness and knowledge of investors about the market.
“Problems of investors should be heard and resolved,” he vowed. On the occasion, the SEBON Chair Ramesh Hamal informed about activities and progress of the SEBON.
