SEBON emphasizes on roles and responsibilities of compliance officers of brokering firms

The Securities Board of Nepal (SEBON) on Bhadra 2^nd, 2074 organized a program for the Compliance Officers of several brokering firm. The main agenda of the program was to discuss whether the current stock and broker act’s rules and regulation meet the international standards. The program had a total number of 75 participants. The Board had made mandatory on Mangshir 20, 2072 to every broker firm that they should have a Compliance officer according to the Securities Act of 2069. The Act of 2069 was put into effect to make stocks investment more efficient and systematic, and to stop clandestine investment on the market. According to the survey done by the Board, it was concluded that the compliance of the broker need to be improved. Hence, this program was organized to discuss this agenda with the Compliance Officers. Mr. Tej Prasad Devkota, Deputy Director of SEBON, on the program has stress on the challenges and importance of compliance by stock broker for the development of the securities market. Likewise, Dr. Rewat Bahadur Karki, Chairman of SEBON has also put forth on the same issue and adding that all stakeholder of the securities market are equally responsible for the overall development and professionalism in the securities market. The quires raised by the participant of the program were answered by Mr. Niraj Giri, Executive Director of SEBON while Dr. Nabaraj Adhikari, Director of SEBON was the one who concluded the program.