SEBON directs brokerage firms to provide margin lending service

Mon, Nov 6, 2017 5:00 PM on Latest, Featured, Stock Market,
The Securities Board of Nepal (SEBON) has issued a directive to allow stock brokerage firms to provide margin lending service to their customers. According to Securities Businessperson (Stock Broker, Securities Dealer and Market Maker) Regulations, under margin trading service, a brokerage firm will provide a certain margin to an investor to purchase shares in the stock market. The SEBON has set various criteria for allowing loans under this heading. The Board also issued circulars to all licensed brokers and the Nepal Stock Exchange today to formulate work plan for the same. sebon