Kathmandu, November 5, 2026 — The Securities Board of Nepal (SEBON) has introduced a new Information Technology (IT) Policy aimed at strengthening cybersecurity and protecting the country's securities market from potential cyberattacks.
The move follows a ransomware attack on Nepal's stock market infrastructure that disrupted operations on September 21. A cyberattack targeting a data centre forced the stock market to remain closed for the day.
The board said the new policy prioritises digital security to prevent similar incidents from interrupting share trading in the future. It came into effect on Wednesday and covers IT security and emerging technologies involving various stakeholders in the securities market.
One of the key provisions requires standardised disaster recovery mechanisms based on international practices. These mechanisms are intended to ensure the reliable and secure operation of trading systems, clearing and settlement facilities, the central depository system, warehouses and related records.
The policy also aims to improve the performance of securities and commodity exchange markets by expanding IT infrastructure and making operations more effective, measurable and accountable.
It seeks to bring outsourced IT services used by SEBON, market infrastructure institutions and market participants under a clear legal and technical framework to strengthen the security and reliability of digital infrastructure.
SEBON has ordered NEPSE to investigate the technical fault that halted trading on September 21 and submit recommendations by September 28 to prevent similar disruptions.
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Under the policy, agreements with external service providers must include service-level agreements, provisions on data security and confidentiality, liability clauses, audit and inspection rights, and plans for changing or terminating services.
The board has also proposed an integrated cyber incident reporting portal to improve the monitoring, management and control of cybersecurity incidents in the stock market.
Critical market infrastructure and businesses will be required to maintain business continuity plans and disaster recovery plans to minimise disruptions during emergencies.
SEBON also plans to establish a shared data centre with the participation of market infrastructure institutions and market participants, building on the existing data centre that forms a key part of the securities market infrastructure.
The policy further outlines plans to use information technology to improve institutional performance and develop the concept of 'e-SEBON'.