Investors Insists the Government Not to Slow Down the Broker Addition Process Under Any Circumstances

Nepal Investment Forum, Share Laganikarta Sangh Nepal, Nepal Punjibajar Laganikarta Sangh have jointly issued a statement insisting the government to not slow down the process of issuing broker licenses to banks, financial institutions, bank subsidiaries, natural persons, or entities through Free Entry/Free Exit.

The development and expansion of the capital market, which has been moving forward in phases over the past few years with the addition of three levels of new brokers, has been approved by SEBON’s Board of Directors and has now reached the Council of Ministers.

However, it is understood that the accountable Council of Minister’s officials is still engaging in the syndicate activity.

All investors are skeptical about the delay in the revised "Securities Business Regulation 2064," which needs to be approved by the NEPSE and the Council of Ministers because limited brokers have been obstructing the growth and expansion of the market for a long time by establishing a syndicate environment in the capital market with large capital.

Hence, Nepal Investment Forum, Share Laganikarta Sangh Nepal, and Nepal Punjibajar Laganikarta Sangh is on behalf of all investors to pass the broker addition process passed by the Securities Board as soon as possible without providing any justifications.

Additionally, they inform the Government of Nepal and the SEBON that the matter should not be stopped under this or that pretext, and if it is stopped, 52 Lakhs investors will be forced to protest.