Securities Act, 2063

Purpose: To regulate and manage securities markets and the persons involved, protect investors and develop the capital market. Authenticated 2063/09/30 (Act No. 33 of 2063).

Structure: 10 chapters, Sections 1-119.

Key provisions:

• Chapter 2 (Section 3 onward): establishment of the Securities Board of Nepal (SEBON) as an autonomous body.
• Chapter 3: registration and issue of securities.
• Chapter 4: stock exchanges (licensing, reporting, directions from the Board).
• Chapter 5: licences for securities businesses such as brokers, merchant bankers and depository participants.
• Chapter 6 (Sections 71-74): collective investment schemes (mutual funds) need Board permission.
• Chapter 8: regulation, monitoring, inspection and inquiry; Section 90: special powers of the Board.
• Chapter 9: insider trading (Section 91) and other prohibited securities transactions, with punishment.

Amendments: 2072 and the 2080 Act on preventing money laundering and promoting the business environment.

Banks listed on NEPSE, their IPOs, rights and debenture issues, and their merchant banking, mutual fund and depository subsidiaries all fall under SEBON regulation through this Act.

उद्देश्य: धितोपत्र बजार र सम्बद्ध व्यक्तिको नियमन, लगानीकर्ताको संरक्षण र पूँजी बजारको विकास। प्रमाणीकरण २०६३।०९।३०, ऐन नं. ३३।

संरचना: १० परिच्छेद, दफा १ देखि ११९।

मुख्य व्यवस्था:

• परिच्छेद २: नेपाल धितोपत्र बोर्डको स्थापना।
• परिच्छेद ३: धितोपत्र दर्ता र निष्काशन।
• परिच्छेद ४: धितोपत्र बजार (स्टक एक्सचेन्ज)।
• परिच्छेद ५: धितोपत्र व्यवसायीको अनुमतिपत्र।
• परिच्छेद ६: सामूहिक लगानी योजना।
• परिच्छेद ९: भित्री कारोबार (दफा ९१) र सजाय।

संशोधन: २०७२ र २०८०।

नेप्सेमा सूचीकृत बैङ्कको सार्वजनिक निष्काशन, हकप्रद र डिबेञ्चर तथा बैङ्कका मर्चेन्ट बैङ्किङ र म्युचुअल फन्ड सहायक कम्पनी यसै ऐन अन्तर्गत नियमन हुन्छन्।