Broker Commission to be finalized soon; Newly appointed officials of Stock Brokers Association meet SEBON Chairman

A delegation of newly appointed officials of the Stock Brokers Association of Nepal has met the Chairman of SEBON, Mr. Bhishmaraj Dhungana at the Board's office in Jawalakhel on 2077-07-23.

The delegation was led by the newly appointed Chairman of the Stock Brokers Association of Nepal, Mr. Santosh Mainali. The meeting was also attended by the outgoing president of the association, Mr. Bharat Ranabhat.

Board Chairman Bhishmaraj Dhungana congratulated the newly appointed office-bearers of the Association and wished them a successful tenure.

During the meeting, the newly appointed Chairman Mr. Mainali mentioned that there are both opportunities and challenges in the Nepalese securities market due to COVID-19. In the meantime, Mainali stated that the number of investors transacting online has increased significantly and the scope of the secondary market is expanding. While the secondary market of securities is becoming technology-friendly, he expressed that the transactions of securities should be made systematic by bringing separate structures and policies for the trade management system and risk management.

Likewise, the newly appointed Vice President of the Stock Brokers Association of Nepal Mr. Dharmaraj Sapkota, and other officials stated that they expect SEBON to play the role of a parental body and a guidance provider to help the association in institutionalizing the securities market.

During the meeting, Mr. Dhungana, Chairman of the Board, said that the prestige of the stock market should be enhanced and the association should play a special role for this purpose. Furthermore, he expressed that the securities market of Nepal should meet international standards so that investors can have better techniques and instruments with which they can invest. Dhungana also stressed making the market investor-friendly with the combined efforts of all.

Similarly, Dhungana said that the concerned authority should be consulted and to develop margin transactions as a tool to provide liquidity of securities, to expand the secondary market of bonds, to expand access to the secondary market through broker's branch office, and to develop curriculum for official representatives and to make procedures in accordance with the law. Additionally, Dhungana was also of the opinion that the discussion on broker commission structure should be discussed and finalized as early as possible.