New Broker Licence Given to 11 Firms
The Securities Board of Nepal (SEBON) has recently approved broker licences for eleven additional stock brokerage firms.
SEBON, in a recent press release, announced the granting of final approval to eleven new brokerage firms. The board said the firms fulfilled the required infrastructure criteria outlined in the Securities Businessperson (Stock Broker, Securities Dealer and Market Maker) Regulations, 2008.
The board has granted a full working licence to one company and limited working licence to nine companis.
In addition, Nabil Securities Limited, has been given an approval to work as a stock dealer. This marks a significant milestone in the capital market’s history, as a bank has been granted approval to expand its services as a brokerage house for the first time.
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