Invoking Section 84 (1) of the Securities Act, the market regulator issued a five-point mandate to safeguard investor interests and maintain transparency following widespread destruction caused by floods across Himalayan and river basins, notably along the Trishuli and Bhotekoshi river systems.
Under the new directive, NEPSE must immediately compile and submit a comprehensive list of directly or indirectly affected listed companies to the board. In coordination with these firms, NEPSE is required to make public several critical disclosures, including:
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Project names, locations, physical damages, and current power generation statuses.
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Impacts on production capacity and human resources.
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Conditions of transmission and distribution infrastructure, insurance claim statuses, and initial financial impacts.
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Estimated timelines for project resumption and capacities to service bank loans.
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Immediate mitigation steps undertaken by company managements.
To curb potential market manipulation, SEBON has ordered NEPSE to enforce strict special monitoring on the share transactions of affected firms. Surveillance will specifically target unnatural price volatility, abnormal turnover volumes, suspicious buy or sell orders, insider transactions occurring prior to sensitive disclosures, and any other activities compromising market fairness.
Additionally, NEPSE has been instructed to formulate a dedicated framework governing information dissemination, trading suspensions, and the eventual resumption of affected companies during natural disasters, fires, or extraordinary events. NEPSE is required to submit regular progress updates and market monitoring reports back to the board.
