Securities Act, 2007

5. Functions, Duties, and Powers of the Board: The functions, duties, and powers of the Board shall be as follows:-
 (a) to provide necessary advice to the Government of Nepal on matters relating to the development of the capital market,
 (b) to register securities of an organized institution established to make a public issuance of securities,
 (c) to regularize and regulate the issuance, transfer, sale, and exchange of registered securities,
 (d) to grant permission to an organized institution wishing to operate a securities market, subject to this Act or the rules and regulations made under this Act,
 (e) to regulate and monitor the activities of the securities market,
 (f) to oversee whether the securities market is conducting its activities in accordance with this Act or the rules and regulations made under this Act, and if found not, to suspend or revoke the license of the securities market,
 (g) to grant licenses to companies or institutions wishing to conduct securities business, subject to this Act or the rules and regulations made under this Act,
 (h) to regulate and monitor the activities of securities traders,
 (i) to classify and grade securities traders according to their work and capacity after completing the prescribed process,
 (j) to approve the operation of collective investment schemes and investment fund programs and to regulate and monitor them,
 (k) to approve the regulations of institutions related to the securities business involved in the securities market and securities transactions, and to order amendments to such regulations as necessary to make provisions for the development of the capital market and the protection of the interests of investors investing in securities,
 (l) to systematize the clearing and settlement of securities transactions,
 (m) to oversee whether a securities trader maintains the prescribed conduct under this Act or the rules, regulations, and directives made under this Act while conducting securities business, and if found not maintaining such conduct, to suspend or revoke the license to conduct securities business,
 (n) to make or cause to be made necessary arrangements for the promotion, development, and clean operation of the securities market by regulating the volume of securities and the method of transactions,
 (o) to make necessary arrangements to prevent insider trading of securities or other offenses related to securities transactions as mentioned in Chapter-9, for the protection of the interests of securities investors,
 (p) to review or cause to be reviewed the financial statements submitted by an organized institution issuing securities and securities traders, and to give necessary directions in this regard to the concerned organized institution,
 (q) to systematize and make transparent the acquisition of shares, whether in bulk or in installments, resulting in control over the management of a company,
 (r) to coordinate with and seek or provide cooperation from relevant bodies for supervision and regulation of matters relating to securities or companies,
 (s) to perform or cause to be performed other necessary tasks relating to securities and capital market development.