The SEBON (Securities Board of Nepal), the country’s capital market regulator, has invited applications for new stock exchanges, commodity exchanges, and stock brokers.
Nepal currently has only one stock exchange, the Nepal Stock Exchange (NEPSE), and the board of directors now wishes to establish a second. Just two weeks ago, the government approved a plan to license the second stock exchange, requiring the applicant to have a minimum of Rs 3 billion in paid-up capital.
Meanwhile, the board has also requested applications for a commodity exchange. Previously, the board solicited applications for a commodity exchange twice but issued no licenses.
Applications for stock exchanges and commodity exchanges must be submitted in 45 days, while applications for stock brokers must be submitted in 30 days.
