In tandem with proliferation in businesses related to securities, the Securities Board of Nepal (SEBON) is planning to come up with several regulations in the current fiscal year.

Regulations pertaining to the soon-to-be-established central depository system (CDS), credit rating agencies, commodities and derivatives markets and mutual fund are on an anvil.

Likewise, the SEBON is also mulling new regulations for its employees as well.

The regulatory body of the capital market would finalise a deal with the World Bank on the preparation of a five-year master plan for the development of Nepal’s securities market.

SEBON and WB already have an agreement to collaborate to identify strategic measures to be taken for the development of the sector on the basis of the current market situations and developments.

It is learnt that the Board would proceed with organisational restructuring after the Securities and Exchange Board of India completes its study on SEBON.

The Board is also set to venture into construction of its own office building at Satdobato, Lalitpur.

Likewise, the SEBON is also working with Nepal Rastra Bank and the Ministry of Finance to woo Non-resident Nepalis (NRNs) into investing in the Nepali stock market.

The central bank has also pledged US$ 100 million to invest in the Nepali capital market.

Similarly, the Security Data Management System is also being implemented to facilitate listed companies for online submission of financial reports and other security related documents to stakeholders concerned like SEBON, NEPSE and investors, it is said. nepalnews.com