SEBON Directs CDSC to Implement Share Transfer and Settlement Reforms

26th August 2026, Kathmandu

The Securities Board of Nepal (SEBON) has instructed CDS and Clearing Limited (CDSC) to execute a series of operational reforms.

SEBON Directs CDSC to Implement Reforms

It is aimed at simplifying share transfers, expediting payment processing, and automating investor disclosures.

Automated Share Transfer and Settlement Timelines

Auto EDIS Integration: Preparations are underway to eliminate manual Electronic Delivery Instruction Slip (EDIS) processing on Mero Share. CDS and Clearing Limited is developing an Auto EDIS system through API integration between the Trading Management System (TMS) and Mero Share.

Enforcement of T+2 Settlement: SEBON has directed CDSC to strictly enforce the two-day settlement timeline (T+2), ensuring investors receive share sale proceeds within two working days of the transaction.

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System Reconciliation and Information Delivery

Automated Data Reconciliation: CDSC has been instructed to fix share quantity discrepancies between TMS and Mero Share. Shareholding data on TMS will automatically reconcile with actual holdings in Mero Share and update seamlessly following corporate actions like bonus or rights share distributions.

Real Time Settlement Tracking: A real-time settlement dashboard will be added to Mero Share to allow investors to track transaction progress.

Mobile Push Notifications: Key market updates—including IPO announcements, allotment statuses, bonus and rights share listings, dividend payouts, and lock-in period expirations—will be sent directly to investors via mobile push notifications.

Fractional Shares Study

Policy Review on Fractional Holdings: CDSC has been tasked with studying the operational challenges associated with fractional shareholdings and submitting a formal recommendation report to SEBON.

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