A major change is coming to Nepal's capital market as the National Identity Card (NID) number will become mandatory for opening new Demat (Beneficiary Owner) accounts starting from Shrawan 1, 2083.
The new provision was announced by CDS and Clearing Limited (CDSC) following a decision made by its Board of Directors on Jestha 13. According to the company, the measure aims to strengthen investor identification systems and improve the reliability and integrity of Nepal's capital market infrastructure.
Existing Investors Also Required to Update Details
The requirement will not apply only to new account holders. Investors who already have Demat accounts will also need to provide their National Identity Card number when updating their Know Your Customer (KYC) information.
CDSC has therefore urged investors to obtain their National Identity Card number and update their account details before the new rule comes into effect. This is expected to help avoid delays and complications in future transactions and account services.
Growing Investor Base Drives the Change
The introduction of the National Identity Card requirement comes as the number of Demat accounts in Nepal continues to grow rapidly. In recent years, participation in the capital market has expanded significantly, with increasing numbers of investors using Demat accounts, the Mero Share platform, and online trading services.
According to CDSC, integrating the National Identity system with the capital market will help create a unified investor identification framework. The move is also expected to reduce duplicate accounts, eliminate inaccurate records, and improve overall data quality across the financial system.
Enhancing Transparency and Regulatory Oversight
Market regulators believe the new requirement will contribute to better data management, stronger compliance mechanisms, and more effective regulatory supervision.
By linking investor accounts with verified National Identity numbers, authorities will be able to maintain more accurate records while improving transparency and accountability within the securities market.
The initiative is also expected to strengthen investor protection measures and support the long-term modernization of Nepal's capital market infrastructure.
As Nepal's investment ecosystem continues to expand, the adoption of a standardized national identification system marks another step toward creating a more transparent, secure, and digitally integrated financial market.
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