NEPSE gives go-ahead for expanding broker branches outside Kathmandu; sets criteria for expansion

Nepal Stock Exchange has set various criteria for establishment of Remote Work Stations (RWS) for brokers. According to the criteria, brokers with paid up capital of Rs 2 crore and net worth of Rs 1 crore by the end of the FY 2073/74 will be allowed to establish RWS. Based on SEBON’s recommendation to minimize and manage inter-related risks, NEPSE has created various benchmarks on the required capital, infrastructures required for establishing RWS, risk management, manpower, NEPSE and CDS procedures, and risks associated with those procedures. NEPSE's criterias: