Following the suspension of share trading due to technical problems, the Securities Board has instructed to submit a report along with the investigation within October 12
The board has given clear instructions to NEPSE to conduct necessary studies and investigations on why and how the situation of stopping the securities trading was created and to submit a report with corrections to be adopted to prevent the recurrence of such incidents in the future.
Executive Summary & Core Takeaways
- Nepal Stock Exchange (NEPSE) has received serious attention from the regulatory body Nepal Securities Board after the securities trading was suspended due to technical problems.
- The board has formed a study team to investigate this incident and has given strict instructions to NEPSE to submit a report with corrections by next October 12.
- According to the board, from the morning of October 4, 2083, there was a technical problem in the data center where the servers of 72 of the 92 companies licensed to act as securities brokers were kept.
Nepal Stock Exchange (NEPSE) has received serious attention from the regulatory body Nepal Securities Board after the securities trading was suspended due to technical problems. The board has formed a study team to investigate this incident and has given strict instructions to NEPSE to submit a report with corrections by next October 12.
According to the board, from the morning of October 4, 2083, there was a technical problem in the data center where the servers of 72 of the 92 companies licensed to act as securities brokers were kept. The board showed interest after receiving information that the securities business had to be suspended on October 5 due to the said problem.
The board has given clear instructions to NEPSE to conduct necessary studies and investigations on why and how the situation of stopping the securities trading was created and to submit a report with corrections to be adopted to prevent the recurrence of such incidents in the future. Meanwhile, a five-member inspection team under the leadership of the deputy executive director of the board has been appointed to identify technical problems and find out the reason for the suspension of business. According to Niranjay Ghimire, the spokesperson of the Securities Board, based on the suggestions submitted by the team, the board is committed to take further actions to make the securities market of Nepal more healthy, safe and transparent in the coming days.
All figures and disclosures cited in this dispatch are cross-verified against official documents, institutional releases, and primary verified sources.