45 Applications has been Filled for Broker License; Among Them Nabil Securities Apply for Dealer License

With a 30-day deadline, the last day to submit an application for a new broker company license ends today.

45 applications for new broker licenses have reportedly been submitted, according to the Nepal Stock Exchange (NEPSE). Among which Nabil Bank has emerged as the lone applicant for a broker company with a dealer’s license. The only applicant to apply for a license among dealers is Nabil Securities, a subsidiary of Nabil Bank with a paid-up capital of Rs 1.5 Arba.

Similar to this, three entities have submitted applications for the broker company with a Rs 60 crore capital i.e full brokerage service. Among them are, Mega Stock Market, Century Securities, and Himalayan Brokerage.

Likewise, with a paid-up capital of Rs 20 crore, the entity can get a license for limited brokerage service.

The list of companies which have applied for brokerage service are: