August 3, 2016 02:30 AM NPT
KATHMANDU, Aug 3: Securities Board of Nepal (Sebon) has become an associate member of International Organization of Securities Commissions (IOSCO).
Issuing a statement on Tuesday, Sebon said that it become an associate member of the IOSCO with an effect from July.
IOSCO is considered to be the global standard setter for securities markets regulation.
Sebon said, in its statement, that it had received the membership that it had been trying long following the recent reforms including the fully automated trading system in the market.
"The membership will provide additional support for the development and regulation of securities market by getting international skills, knowledge and experience on securities market regulation after receiving the membership of IOSCO which is the global standard setter for securities markets regulation," the statement added.