SEBON at work to ensure 10% share reservation for Nepali migrant workers

This image shows the entrance of the office of Securities Board of Nepal (SEBON) in Lalitpur district in January 2021. Photo courtesy: DP Meteo

KATHMANDU: The Securities Board of Nepal (SEBON) will accommodate Nepali migrant workers onboard the stock market.

Its proposed policy reserves 10% in the sale of IPO shares in Nepal, according to SEBON Chairman Ramesh Kumar Hamal.

For this to implement, the SEBON will amend the Securities Registration and Issue Regulation, 2073, Hamal said while making public its policies and programmes for the current fiscal year, 2022/23.

This scheme means to recognise 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 securities 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 programmes will be managed for the welfare of small investors and to control manipulation by big investors, said the SEBON chair.

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