Securities Board of Nepal to Abandon Dual IGIN System

Kathmandu. The Securities Board of Nepal is to back down from the dual IGIN system. About a year ago, to make Nepal's capital market organized, CDS & Clearing Limited (CDSC) brought a new directive, 'Securities Dematerialization Operation Directive-2082'.

In the said directive, CDSC has made a provision to provide separate international identification numbers (IGIN) for promoter and ordinary shares. However, the work procedure remained stuck at the board for a year.