SEBON allows 8 brokers to open branches in different cities; soon to issue broker license to commercial banks and encourage existing brokers to go under merger and acquisition

SEBON has provided green signal to eight stock brokers to open their branches by expanding the required infrastructures in Mahendranagar of Kanchanpur, Birendranagar of Surkhet, Gorahi and Tulshipur of Dang, Bhairahawa of Rupandehi and Janakpur of Dhanusha within the end of the current fiscal year.

Moreover, the board has also informed that it is currently under process to bring necessary bylaws for regulating stock market which would make way for the subsidiary companies of commercial banks to function as stock brokers, encourage merger and acquisition of already operating stock brokers and regulate the process of opening new branches of broker firms.