SEBON to push for quick linking of Demat and bank accounts of investors; making necessary attempts for a fully automated stock trading at earliest

Securities Exchange Board of Nepal has outlined new policies to bring into effect the fully automated stock trading system in Nepal at the earliest.

As per the instruction issued, the highlights are as follows:

*The board will implement Compulsory IPS based or electronic transfer of fund after selling stocks from the first of Shrawan, 2077. Presently, the same practice will be encouraged among the investors after the market reopens.

*The board will make arrangements for effective interaction between Demat account and bank accounts of the investors where the traded shares will be credited at Demat account of the investor and the transaction amount at the bank account of the seller respectively.