Investor Communities and Forums Unite to Urge Authorities to Fulfill Capital Market Needs and Resolve Inefficiencies

Tue, Dec 7, 2021 3:59 PM on Stock Market, National, Latest,

The leaders of various stock market-related organizations have decided to unite and form a singular organization to draw the government's attention towards the importance of the capital market and its role in the development of the country.

In a program held on Monday, the heads of various organizations, share market leaders, as well as investors, have decided to move forward by forming a united, singular entity for the improvement, development, and expansion of the capital market. It has been decided that the campaign will be led by Ambika Prasad Poudel, a veteran investor and central member of the Federation of Nepalese Chambers of Commerce and Industry.

These are the conclusions of the meeting:

1) It was decided among all that the entity stands against the limit on loan against shares set by the central bank until the introduction of margin lending.

2) The unified entity will demand a speedy reappointment of heads of NEPSE and SEBON that have been vacant for quite some time now.

3) The entity will urge the Finance Ministry for speedy implementation of all clauses of the 58-points agreement made 3 years ago.

4) All stock market-related organizations and investor communities associated will remain unified to urge the stakeholders for the fulfillment of the aforementioned demands.