Kathmandu. Additional broker companies will be licensed for securities trading. For this, the Nepal Securities Board (Cebon) is making final preparations to make new policy arrangements by amending the Securities Dealers Regulations-2064 BS.

Bhishma Raj Dhungana, chairman of the board, informed that preparations are in the final stage to issue broker licenses to all the applicants within the limits prescribed by the revised rules as there are 50 broker companies operating in the market so far. According to him, now the rules have increased to Rs. Licenses will be issued to all those who specify paid up capital of Rs. 100 million to Rs. He said that some amendments could be made by the Ministry of Finance as the committee has proposed paid-up capital. He argues that such paid-up capital is necessary in today's market.

The board has formed a five-member committee to amend the rules. Joint Secretary of the Ministry of Finance Rameshwor Dangal is the coordinator of the committee. The Joint Secretary Riot Committee was given one week to amend the rules by the Cebon Steering Committee. The committee will now submit the draft of the amended regulations to the board of directors.

Chairman Dhungana claims that he has the right to issue licenses as the board has a role in the policy management of securities business. However, the license recommendation of the broker company will be through the Nepal Stock Exchange as before.