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Brokers and Investors Give Mixed Reaction to SEBON Programmes

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Brokers and Investors Give Mixed Reaction to SEBON Programmes
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July 29: Stock brokers and investors have expressed mixed reactions to the policies and programmes of announced by the Securities Board of Nepal (SEBON).

Tara Prasad Phullel, vice president of the Share Investors Association, said that although many old points have been repeated in the policies and programmes for the current fiscal year, he said he is confident that those objectives will be accomplished this year. He said that the old plans have  been repeated because they are needed now.

He expects that the policies and programmes will be implemented without any obstacle as the SEBON chairman has already done important works for the development and expansion of the capital market.

 “Even though the programmes and policies are overall good, the issue of broker license is still not clear,” said Phullel.

Similarly, Santosh Mainali, president of the Stock Brokers Association, said that the policies and programmes are generally good, but the issue of adding brokers is unclear.

“When the president said that the capital structure will be based on the number of licenses, it is not clear whether the NEPSE’s system supports a large number of brokers or not,” he said.

He said that the issue of giving approval to existing brokers for branch expansion and provision of sub-broker services is not mentioned this year.

 

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