Earlier on January 25, Sebon directed all listed companies and share registrar companies to provide bonus and rights shares to their shareholders directly into their dematerialized accounts. Similarly, the capital market regulator also instructed the listed companies and share registrar companies to provide cash dividend to shareholders into bank accounts of the banks that have become members of Nepal Clearing House.Likewise, Sebon formed a committee on Thursday to facilitate the process of bring Citizens Investment Trust as a market maker into the secondary market. As part of the modernizing plan, Sebon has also instructed Nepal Stock Exchange (Nepse) to initiate a process to introduce a tested automated trading system in line with the international standard that can be credible for foreign investors and non-resident Nepali investors to attract them in the secondary market.
Sebon has also said that the dematerialization would be made mandatory for initial public offerings from mid-July. Sebon is also preparing to issue investor identification card to stock market investors.
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