The Nepal Stock Exchange (NEPSE) has announced that a National ID Card is now mandatory for anyone wanting to trade shares. This rule has been implemented as per the directive of the Securities Board of Nepal (SEBON).
From now on, investors must provide their National ID when opening a new broker account. The Know Your Customer (KYC) form will not be accepted without it. This move aims to make investor identification more secure and transparent.
NEPSE has issued an official notice to all broker companies, instructing them to verify clients’ identities using their National ID. Broker firms must also make arrangements to collect and manage this data digitally through integrated systems.
Broker companies using their own Trading Management System (TMS) have also been asked to make necessary preparations to link their systems with the National ID verification process.
