NRNA Raises Objection to CDSC Proposal, Expresses Concern Over Impact on Investment Climate

Kathmandu, August 4 –

The Non-Resident Nepali Association (NRNA) has expressed serious concern over a recent proposal submitted by CDS and Clearing Limited (CDSC) to the Securities Board of Nepal (SEBON). The proposal suggests assigning separate International Securities Identification Numbers (ISINs) for promoter and general public shares during the dematerialization process of companies preparing to list their shares in the capital market.

According to the NRNA, this provision could negatively impact Nepal’s capital market, overall investment climate, and efforts to attract investment from Non-Resident Nepalese (NRNs). The association warned that if implemented, the proposal could create confusion and frustration among NRN promoter shareholders, complicate share transactions, and undermine long-term transparency and stability in the capital market.

The NRNA emphasized that the proposal contradicts its mission of mobilizing the knowledge, skills, and capital of Nepalese living abroad for the development of Nepal. Highlighting increasing investments by NRNs in energy, infrastructure, tourism, startups, and finance, the association urged the concerned authorities to reconsider the proposal and conduct a thorough impact assessment before making any decisions.

The NRNA called on the government to ensure a transparent and stable investment-friendly environment backed by clear legal provisions, which would foster trust among private sector stakeholders, NRNs, and foreign investors.