Low capital companies have been included to a separate SEBON SME Platform Index, and NEPSE will now have two indexes.
The “Investors Interaction Program” on the subject of Capital Market Improvement was held on March 29, 2023, at 3 PM, at the Radisson Hotel, and was organized by Nepal Investors Forum, Nepal Pujibazar Laganikarta Sangh, and Share Laganikarta Sangh.
The program’s keynote speakers included Mr. Ramesh Kumar Hamal, chairman of SEBON, Mr. Tulsi Ram Dhakal, Mr. Chote Lal Rauniyar, Mr. Tara Phullel, and Ms. Radha Pokharel.
Ramesh Hamal, Chairman of the Nepalese Securities Board, addressed concerns about the opening of new stock exchanges, commodity markets, and licensing of brokers. He stated that issuing a license to a brokerage firm is not a straightforward process and there are specific rules that must be followed. One company applied for a stock dealer license and 45 others sought stock broker licenses, but all processes were suspended due to a Supreme Court order, freezing roughly Rs. 12 Arba.
The SME platform must adhere to certain criteria to function on the Nepal Stock Exchange, and SEBON has developed a draft of such rules, which will be available for verification on March 30, 2023. The SME platform for the NEPSE Regulation will be live in the following seven weeks. The NEPSE will soon have two indexes: one reflecting the 13 sectors and the other for SME.