Kathmandu. The Securities Board of Nepal (SEBON) has published its policy and program priorities for the upcoming fiscal year 2083/84.

The Board’s policy and programs have prioritized programs ranging from strict regulatory monitoring to the development of new benchmark indices with the objective of making the stock market more transparent, credible and competitive.

Sebon said it will strengthen interagency coordination in preliminary investigations into securities fraud, strengthen interagency coordination and crack down on insider trading, unauthorized investment advice, misleading publicity and market influence activities through social media.

In order to make the IPO more systematic, the approval will be granted only after an objective study of the financial and managerial condition of the company.

Stating that the directive on margin trading has already been issued, the board said that it will bring it into full operation at the earliest by coordinating with Nepal Rastra Bank, Nepal Stock Exchange (NEPSE), CDS and Clearing and securities brokers to resolve the problems seen in its implementation.

The lock-in period and allotment provisions of mutual funds will be reviewed to maintain demand-supply balance in the post-listing transactions. Likewise, the fees levied in primary and secondary markets would be reviewed with the objective of reducing the transaction cost of investors.