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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. The board made such announcement while unveiling its policies and programmes for the current fiscal year (FY 2022/23) on Thursday. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. The board made such announcement while unveiling its policies and programmes for the current fiscal year (FY 2022/23) on Thursday. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. The board made such announcement while unveiling its policies and programmes for the current fiscal year (FY 2022/23) on Thursday. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. The board made such announcement while unveiling its policies and programmes for the current fiscal year (FY 2022/23) on Thursday.
With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.
The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion.
He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.
Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.
There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.
The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors.
According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.
According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year.
The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.
The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.
According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
<p> </p>
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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. The board made such announcement while unveiling its policies and programmes for the current fiscal year (FY 2022/23) on Thursday. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this year. </span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture capital.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p>
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