11 September 2024, Kathmandu
The government of Nepal is considering a ban on share trading by government employees during office hours, following a recommendation by the Commission for the Investigation of Abuse of Authority (CIAA).
Nepal Government Ban on Share Trading
The CIAA has received multiple complaints alleging that government employees are excessively engaging in share transactions, leading to disruptions in public services. On-site inspections conducted by the agency confirmed that many employees are spending significant time on the Trade Management System (TMS) for trading shares, negatively affecting their official duties.
In response to these findings, the CIAA has formally written to the Prime Minister’s Office and the Council of Ministers, urging them to implement a ban on share trading during office hours. The aim is to ensure that public services remain uninterrupted and that government employees prioritize their official responsibilities.
The recent surge in Nepal’s stock market activity has increased interest in share trading among government employees. The government is now tasked with deciding on the CIAA’s recommendation, which aims to maintain work ethics and prioritize public service delivery.
For more: Nepal Government Ban on Share Trading