Finance Committee paves way for Sebon to license new bourse

KATHMANDU: The Finance Committee of the House of Representatives has given its go-ahead to resume the licensing process for a new stock exchange.

A meeting of the committee held on Friday decided to allow the Securities Board of Nepal (Sebon) to resume the licensing process.

Rastriya Swatantra Party (RSP) lawmaker Dr. Swornim Wagle, however, has written a note of dissent on the committee’s decision.

Sebon called for applications for new stock exchanges, commodity exchanges, and brokerage firms on September 18. In response to Sebon’s notice, Himalayan Stock Exchange, National Stock Exchange, and Annapurna Stock Exchange have submitted applications seeking a license to operate a stock exchange.