SBAN Calls on Finance Ministry to Resolve SEBON’s Operational Stalemate and Restore Employee Facilities

The Stock Brokers’ Association of Nepal (SBAN) has urged the Ministry of Finance to immediately resolve the ongoing financial and administrative deadlock at the Securities Board of Nepal (SEBON) and restore the facilities previously provided to its employees.

In a notice, SBAN stated that the Ministry of Finance had issued a directive on Bhadra 31, 2082, instructing the suspension of various facilities and services provided to SEBON employees. Due to this directive, employees have been unable to access welfare benefits, and the Board’s daily administrative and operational activities have remained disrupted for more than a month.

The association expressed concern that the suspension of SEBON’s financial authority has hindered the regulator’s ability to perform its core responsibilities. As SEBON is the sole body overseeing more than 500 licensed institutions within Nepal’s capital market, the ongoing obstruction has negatively impacted brokers, market institutions, and investors across the sector.

Emphasizing the urgent need to restore confidence and ensure effective market regulation, SBAN called on the government and the Ministry of Finance to create a conducive environment for SEBON employees to resume work. The association highlighted that ensuring SEBON’s smooth functioning is essential for the stability and credibility of the overall capital market.