SEBON unveils policy to use AI in management

By Ajay Chhetri, Kathmandu, July 28: Security Exchange Board Nepal (SEBON) is planning to apply artificial intelligence (AI) in its Management Information System (MIS).

SEBON said so while unveiling its policy about the stock market & commodity exchange market for fiscal year (FY) 2022/23.

The policy is driven to expand access of the public in the stock and commodity market.

Necessary amendments to rules for entry of Non-Residential Nepali ( NRN) in the secondary market have also been made in the new policy.

Rule & regulations will be amended in the Registration of stock and issuance rules 2073 BS to reserve 10 per cent share to foreign employees in the initial issuance of shares.

The necessary step will be taken to disseminate information to related stock markets at the provincial level, according to the policy document.

Rule & regulations will be amended in the Registration of stock and issuance rules 2073 BS to reserve 10 per cent share to foreign employees in the initial issuance of shares.

This policy will be major breakthrough as it is driven for a more transparent & opening mechanism in the security market, said SEBON Chairman Ramesh Kumar Hamal while releasing the policy.