As the Nepal Securities Board enters its 34th year, Chairman Uttarkumar Khatri expressed commitment to making the capital market secure and competitive. The board plans to restructure NEPSE and CDSC while expanding the involvement of pension funds, insurance companies, mutual funds, and Non-Resident Nepalis (NRN). By finalizing capital gains tax on securities traded by listed companies, the market is expected to become more dynamic. Kathmandu, 25 Jestha.
On the occasion of the anniversary, Khatri released a commitment letter stating that the board would focus on active development in line with international standards. Currently, as there is no executive chairman, an official representing the Ministry of Finance is fulfilling the chairman’s responsibilities. The commitment letter highlights plans to restructure NEPSE and CDSC and to broaden participation from various institutional investors.
Khatri pledged to implement recommendations from previously established commissions and working groups aimed at developing and improving the capital market. He stated, “Finalizing the capital gains tax on securities sales of listed companies will enhance market dynamism.” The board reiterated its commitment to strengthening regulatory capacity and collaborating with national and international experienced organizations. For the upcoming fiscal year 2083/84, the policy and budget will target achieving capital market goals, with the board taking a leading role.
