Four new brokers by next week
Kathmandu, May 3:
Securities Board of Nepal (Sebon) said on Tuesday that it was issuing operating license to four new stock brokers within seven days.
According to the Regulation Department of Sebon, Dakshinkali Investment and Securities, Kalika Securities, Kohinoor Investment and Securities and Swarnalaxmi Securities will get operating licenses in the first phase.
Sebon has already issued letter of intent to the four companies after completing inspection of their infrastructures. It has also instructed a total of 15 companies to develop infrastructure required to start stock broker service.
The government is adding 27 broker companies in the secondary market, taking into consideration rising transaction volume and number of listed companies. This will raise the number of broker companies to 50.
Source: Republica
Securities Board of Nepal (Sebon) said on Tuesday that it was issuing operating license to four new stock brokers within seven days.
According to the Regulation Department of Sebon, Dakshinkali Investment and Securities, Kalika Securities, Kohinoor Investment and Securities and Swarnalaxmi Securities will get operating licenses in the first phase.
Sebon has already issued letter of intent to the four companies after completing inspection of their infrastructures. It has also instructed a total of 15 companies to develop infrastructure required to start stock broker service.
The government is adding 27 broker companies in the secondary market, taking into consideration rising transaction volume and number of listed companies. This will raise the number of broker companies to 50.
Source: Republica
