NEPSE directs the brokers to avoid advance in case of sell order
Thu, Jan 31, 2019 2:36 PM on Latest, Stock Market,
Nepal Stock Exchange has directed the brokers to avoid taking advance amounts for sell orders. The direction has been issued after some broker companies have been found taking advance payment for sell orders.
As per the Securities Transaction Regulation, 2075, such advance amount can only be taken in case of purchase orders. As per the regulation, the brokers can take upto 25% advance amount for the related purchase order. However, NEPSE has stated that some of the brokers have been taking 25% advance amount in the sell order as well.
