The Securities Board of Nepal (SEBON) will accommodate Nepali migrant workers onboard the share market. Its proposed policy reserves 10% in the sale of IPO shares in Nepal for migrant workers, according to SEBON Chairman Ramesh Kumar Hamal.
For implement the policy of share reservation to workers, the SEBON will amend the Securities Registration and Issue Regulation, 2073, Hamal said while making public its policies and programs for the current fiscal year, 2022/23.
This scheme means to recognize their contribution to the country and bring in remittance in a legal way and additional capital expansion in particular, SEBON Chairman said.
Similarly, SEBON will also amend laws related to opening the share market in Nepal for non-resident Nepalis.
For securities entrepreneurs, the directive related to institutional reforms will be made and implemented, he said.
Effective policies and programs will be managed for the welfare of small investors and to control manipulation by big investors, said the SEBON chair.
