SEBON at work to ensure 10 percent share reservation for Nepali migrant workers
Office of SEBON/File Photo
KATHMANDU: The Securities Board of Nepal (SEBON) will accommodate Nepali migrant workers onboard the stock market. Its proposed policy reserves 10 percent in the sale of IPO shares in Nepal, according to SEBON Chair Ramesh Kumar Hamal.
For this to implement, the SEBON will amend the Securities Registration and Issue Regulation, 2073, he said.
This scheme means to recognize their contribution to the country and bring in remittance in a legal way and additional capital expansion in particular, he said.
Similarly, the SEBON would also amend related laws to open the securities market in Nepal for non-resident Nepalis.
For securities entrepreneurs, the directive related to institutional reforms would be made and implemented, he said.
Effective policies and programs would be managed for the welfare of small investors and to control manipulation by big investors, said the SEBON chair.