Nepal Rastra Bank provides approval to two more broker companies for margin trading

Nepal Rastra Bank (NRB) has granted permission to two more broker companies to conduct margin trading on Baisakh 16, 2076. The approval is granted from NRB, however the regulatory excerise will be performed by Nepal Stock Exchnage (NEPSE). These two companies are:

1. Secured Securities (Broker number 36)
2. Vision Securities (Broker number 34)

The other broker companies who have already received the approval are:

1. Kristal Kanchanjunga Securities

Although the approval has been granted, the final go ahead is yet to come. NEPSE had asked for applications from all the interested broker companies. More than a dozen companies apply, but due to insufficient documentation, not all got approval. NEPSE had been waiting for more companies so that all can start margin trading together, but since that seems to take longer time, it will be appealing for the final approval to start margin trading in practice.