SEBON Reinstate Same Old Mantra; New Stock Exchange for Market Development

Jul 15, 2019 04:33 PM Merolagani

Securities Board of Nepal (SEBON) has reinstated its commitment of opening new stock exchange for the development of the domestic stock market

Speaking in a program organized to bring out program and policies of SEBON for the upcoming FY, SEBON once again announced of establishing a new stock exchange. The regulatory body announced about the same in the program and policies of the current FY as well, however, nothing has been done in the year's period.

In the program, SEBON announced of easing the procedure for the establishment of the new stock exchange besides improving corporate governance of  Nepal Stock Exchange.

Similarly, the regulatory body announced of implementing book building method to bring the productive sector into the stock market. Moreover, the board announced of setting a mechanism that allows investors to purchase more right shares than their eligibility.

Likewise, SEBON is allowing the broker companies to operate broker dealership and advisory services in the upcoming days.

 

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM