Efforts for capital market reforms are in progress: SEBON Chair Bhatta

Kathmandu, Sept 30: Chairman of the Securities Board of Nepal (SEBON), Dr Gopal Prasad Bhatta, has said that work is ongoing to make the capital market better managed and transparent. He expressed this view at today's meeting of the Finance Committee, the House of Representatives.     

"The Board is committed and continuously working to make Nepal's capital market organized, transparent, credible, and investment-friendly," he said.     

He informed in the meeting that there have been ongoing discussions with relevant authorities and organizations regarding the issuance, listing, market operation, regulation of securities, and protection of investors' interests.     

While answering questions raised by stakeholders and MPs during the meeting, the SEBON Chair said that efforts are being made to regulate the capital market through policy and legal reforms. Bhatta informed that they are working on policy improvements, including various checklists and other matters to be followed when issuing the primary shares of a new company.