SEBON policies and programs : New broker and stock dealer license will be given soon

Jul Thu 2022 04:27:10

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SEBON  policies and programs : New broker and stock dealer license will be given soon

Kathmandu. Nepal Securities Board (SEBON) has announced the policy and program for the financial year 2079/80. Board Chairman Ramesh Kumar Hamal announced the policy and program on Thursday. Hamal has said that he will approve the new stock dealer. It is said that approval is being given to new stock dealers in order to increase liquidity and market depth in the secondary market of securities. Currently Citizen Stock Dealer is in operation.

Similarly, he informed that a new broker license will also be given after study. Investors have been demanding more broker licenses for a long time. In the policy and program, it has been announced that non-resident Nepalis will be given the opportunity to invest in the secondary market. An announcement to make regulations related to warehouse, broker and settlement has also been made through policy.

The policy will regulate and systematize the book building system through high technology Maitri. It is said that the auction market will be launched to organize the securities trading Rafsaf. Some investors have been paying heavy fines due to closeout due to the lack of clearing of securities on time. It is said that investors will avoid paying such fines if the auction market comes into operation.