Pertaining to the continuous downfall of Market; Brokers’ Association made 28 point letter of demand to SEBON

Present Condition of Nepalese Stock Market has decreased the interest of investors so, in order to maintain the stability, transcendence and reliability in the market trend Association of Brokers’ have been providing suggestions to the Securities Board of Nepal (SEBON). They have been demanding for the establishment new infrastructure and equipment, reinforcement of the regulations as well as to simplify them. But their suggestions has not been implemented by the SEBON.

As a result, Nepalese Stock Market has been unable to show the optimistic development as well as the entrepreneurs or investors are bearing unnecessary market risk. Hence, as a representative of Nepalese Entrepreneurs Union, Stock Brokers has submitted the 28 points letter of demand to the Board of Directors of SEBON.

The letter of demand states that any discouraging activities pertaining to ethics, ability and work efficiency of the entrepreneurs must be stopped. Necessary actions must be taken to make secondary market quickly movable, dynamic and transparent. Once the online trading comes under full operation access towards it must be done through brokers in the anticipated locations. Necessary regulations must be made for the secondary market transaction as per the alignment of international sub broker, broker agent. Auction market must be managed well. Transaction through margin lending must be enabled. Separate regulation for multiple demat account must be prepared and implemented. Instrument such as debenture, derivative and Exchange Traded Fund (ETF) must be managed well to balance the risk of investors. Also, for the sustainable development of Nepalese Stock Market long term planning must be done and implemented.