Kathmandu. The Nepal Stock Exchange (NEPSE) has prepared bye-laws related to the operation of SME platforms. However, the bye-laws are yet to be approved by the meeting of the Operating Committee (Board) of NEPSE.
According to NEPSE spokesperson Murahari Parajuli, bye-laws related to the operation of SME platforms have already been prepared for trading shares of small and medium organized organizations. “The bye-laws have already been discussed twice in the board meeting,” he said. ’
Parajuli informed that the nepse board meeting has approved the bye-laws and it will be sent to the Securities Board of Nepal for approval. “After that, other technical works will proceed after getting approval from the Securities Board,” he said.
The Securities Board of Nepal (Sebi) had implemented the Securities Issue and Transaction Rules, 2081 BS on January 27 last year. Subsequently, the Securities Board had directed NEPSE and CDSC to create and implement a separate SME platform for trading shares of small and medium companies.
Nepse’s board of directors, which met about three weeks after the directive from the Securities Board, had formed a five-member committee to formulate bye-laws for trading shares of small and medium companies. Roshan Kumar Sigdel, member of nepse board of directors, is the coordinator of the committee. Sigdel represents Nepal Rastra Bank (NRB) on the NEPSE Board of Directors.
