Banking News – The Securities Board of Nepal (SEBON) has formed a Primary Market Reform Facilitation Task Force to enhance the transparency, credibility, and investor-friendliness of Nepal’s primary capital market.

The seven-member task force is headed by Binaydeb Acharya, Executive Director of SEBON’s Regulation Department. According to the board, the committee comprises three SEBON officials, one representative from Nepal Stock Exchange (NEPSE), the President of the Merchant Bankers Association of Nepal, and the Coordinator of the Capital Market Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI).

SEBON stated that the task force may also invite experts and representatives from other relevant organizations as required, including the Institute of Chartered Accountants of Nepal (ICAN), the Electricity Regulatory Commission, the Independent Power Producers’ Association of Nepal (IPPAN), the Stock Brokers Association of Nepal (SBAN), CDS and Clearing Limited (CDSC), and other stakeholder institutions.

The task force has been established to implement regulatory reforms outlined in the Capital Market Policy for Fiscal Year 2083/84 (2026/27). Its first meeting was held at SEBON’s office on Shrawan 19, where members discussed key measures to improve Nepal’s primary market.

According to SEBON, the task force’s terms of reference include reviewing and recommending reforms related to primary market policies, public offerings, book building, merchant banking, digital IPOs, IPO eligibility criteria, IPO pricing mechanisms, institutional investors, investor protection, due diligence, post-issue monitoring, and other aspects of the primary securities market.