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Securities Board of Nepal (SEBON) was established by the Government of Nepal on June 7, 1993 as an apex regulator of Securities Markets in Nepal. It has been regulating the market under the Securities Exchange Act, 2006. The functions, duties and powers of SEBON as per the Act are as follows.
 
    • To offer advice to Government on matters connected with the development of the capital market.
    • To register the securities of corporate bodies established with the authority to make a public issue of its securities.
    • To regulate and systamatize the issue, transfer, sale and exchange of registered securities.
    • To give permission to operate a stock exchange to any corporate body desirous of doing so, subject to this Act or the rules and bye-rules framed under this Act.
    • To supervise and monitor the functions and activities of stock exchange.
    • To inspect whether or not any stock exchange is executing its functions and activities in accordance with this Act  or the rules and bye-rules framed under this Act, and to suspend or cancel the license of any stock exchange which is not found to be doing so.
    • To issue licenses to conduct the business of dealing in securities, subject to this Act, or the rules and the bye-rules framed under this Act, to companies or institutions desirous of conducting the business of dealing in securities.
    • To supervise and monitor the functions and activities of securities-dealers.
    • To grant permission to operate collective investment schemes and investment fund programs, and to supervise and monitor them.
    • To approve the bye-rules concerning transactions in securities framed by stock exchanges and institutions engaged in the business of dealing in securities, and, for the purpose of making necessary provisions concerning the development of the capital market and protecting the interests of investors investing in securities, issue orders to have necessary alterations made in such bye-rules of... [continues]

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