Securities Board of Nepal (SEBON) (Nepali:à ¤¨à ¥Âà ¤ªà ¤¾à ¤² à ¤§à ¤¿à ¤¤à ¥Âà ¤ªà ¤¤à ¥Âà ¤° à ¤¬à ¥Âà ¤°à ¥Âà ¤¡) is the regulator of securities market in Nepal. It was established on June 7, 1993, after the first amendment in the Securities Exchange Act 1983. It follows the rules laid out in the Securities Act, 2006. The organization has four departments: Regulation, Supervision, Commodity Market and Research, and Management and Legal. These departments look after eight divisions, each responsible for different parts of the securities market. Within these divisions, there are twenty smaller sections.
SEBON gets its operation cost from the government, fees charged for transactions on the stock exchange, and fees for registering corporate securities. Other income comes from fees for registering and renewing stock exchanges and other market players, as well as money from its revolving fund.
The Securities Board of Nepal (SEBON) regulates merchant banks under the Securities Businessperson (Merchant Banker) Regulations, 2064 (2008). These regulations define the scope, licensing, and operational standards for merchant banking activities. Nepal has 32 licensed merchant banks, with several more in the pipeline. Most are subsidiaries of , though a few operate independently. The list of Merchant Banker (July 2025) licensed by SEBON are: