The Securities Board of Nepal (SEBON) has received applications from three firms for operating a new stock exchange market and four other applications to open a commodity exchange market.
According to SEBON, firms Himalaya Stock Exchange, National Stock Exchange and Annapurna Stock Exchange have applied for the regulator’s approval to start the stock exchange business.
Likewise, Nepal Multi Commodity Exchange, Himalayan Commodity and Derivative Exchange, Multi Assets Derivative Exchange and Multi Derivative Exchange are among the aspirants to operate commodity exchange markets.
Giving the deadline of Sunday, the sector’s regulator had called for applications from the interested firms. While the stock exchange will be a parallel institution to the existing Nepal Stock Exchange (Nepse), the commodity exchange market will be a new entity in its segment within the country.
The SEBON for the first time invited applications on September 18, 2022. However, it had to halt the process following the Supreme Court’s order.
