National Identity Card Mandatory for Opening Account in Share Trading

August 1, Kathmandu. New investors in the stock market will now have to present a National Identity Card to open an account. Previously, the account opening process was based on other personal documents, but according to recent regulations, it has been made impossible to open an account without the national identity card.

The Securities Board of Nepal has stated that this regulation has been introduced to strengthen the digital identity system and ensure the identification of investors. When opening an account, investors will need to present their national identity card and update any required preliminary information.

According to the board, brokerage companies will now have to mandatorily collect national identity cards during the process of opening accounts for share trading. Additionally, individuals with existing accounts may also be required to verify their information through their national identity cards.