THIRD AMENDMENTS TO FOREIGN INVESTMENT AND FOREIGN DEBT MANAGEMENT BY-LAWS, 2078
12 March, 2024
Introduction
On February 9, 2024, Nepal Rastra Bank (“NRB”), the regulatory authority overseeing banks and financial institutions in Nepal, made amendments to the Foreign Investment and Foreign Debt Management By-laws, 2078 ("By-laws"). The purpose of this Briefing is to highlight significant amendments in the By-laws and is not an exhaustive account of all the changes. The By-laws and this Briefing should be referred to alongside the Foreign Investment and Technology Transfer Act, 2075 (2019 A.D.) ("FITTA") and the Foreign Exchange Regulation Act, 2019 (1962 A.D.) ("FERA") and related regulations.
Notable Changes to the Bylaws......
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