SEBON’s directives address employees of Merchant Banks and Stock Brokers; expects to promote uniformity in pay scale and good performance

With an aim to ensure high quality work from Merchant Bankers and Stock brokers through qualified employees with greater job satisfaction and performance, Securities Board of Nepal (SEBON) has come up with new set of directives for both Merchant Banks and Stock Brokers which the board expects to be implemented within 45 days from the date of their issuance. The major highlights of these directives are:

Provision of basic salary scale as per the recent revision proposed by GoN and also considering the industry average

Provision of providing contract letter to the employees outlining his / her job descriptions, roles and responsibilities in detail

Provision of disbursing salary of the employees only via bank account as per the recent requirement of GoN.