Kathmandu, September 18
The capital market regulator in the country, the Securities Board of Nepal (SEBON), has called for applications for establishing new stock exchanges, commodity exchanges and stock brokers.
Nepal so far has only one stock exchange, Nepal Stock Exchange (NEPSE), and the board now wants to establish a second one. The government approved for a plan to license the second stock exchange just two weeks ago, stipulating the applicant needs to have a minimum of Rs 3 billion in paid-up capital.
Meanwhile, the board has called for applications for a commodity exchange also. Previously, the board had called for applications for a commodity exchange twice but failed to issue any licence.
Applications for stock exchange and commodity exchanges should be filed in 45 days whereas those for stock brokers in 30 days.