The Securities Board of Nepal has demanded that all companies listed on the Nepal Stock Exchange (Nepse) must dematerialise their shares by the middle of January. In a statement released today, the board said it had received information from Nepal’s central bank and stock exchanges about the “lack of clarity in the regulatory framework for listing companies”. The capital market regulator has also warned that the share trading of those companies that fail to abide by its directive will be automatically halted.
The Securities Board of Nepal has demanded that all companies listed on the Nepal Stock Exchange (Nepse) must dematerialise their shares by the middle of January. After repeatedly making this demand and failing to succeed, Nepse has sought the backing of the capital markets regulator to ensure all companies now fully dematerialise. The capital market regulator has also warned that the share trading of those companies that fail to abide by its directive will be automatically halted.