CDSC Plans Premium Services for Meroshare Pending Regulatory Approval

The Central Depository System and Clearing Limited (CDSC) has announced plans to introduce premium services for Meroshare.

CDSC has sent the proposal to the Securities Board for approval of providing premium services to Meroshare users. Once the proposal is passed, CDSC will be able to offer the premium product to its users. They are currently in the process of amending the Securities Regulation, 2069 (Sixth Amendment) to facilitate the addition of this premium product. Currently, many companies in the market offer packages related to share trading. Such data packages will be made available on Meroshare by CDSC. Investors will be required to pay additional fees for accessing premium services.

Investors using Meroshare will have access to features ranging from technical analysis, fundamental analysis, SMS notifications for share price changes, company financial details, historical profit and loss data, and share issuance details. International market-related features will also be integrated into the premium service, making it easier for investors to trade across different markets.

The Securities Board has positively reviewed CDS's proposal. They see the potential for the product to contribute to the development of the secondary market. However, the issue of the fee structure is still under discussion.