SEBON put request to Citizen Investment Trust to speed up its process to work as Stock Dealer

Securities Board of Nepal (SEBON), the regulatory body of the capital market of the country, has requested Citizen Investment Trust (CIT) to speed up the process of taking license as stock dealer as soon as possible.

Earlier, SEBON has amended the Securities Business (Securities broker and securities dealer) act on 1^st Fagun, 2076 to include institutional investors like CIT and other potential financial institution to work as Securities business, which ultimately brings stability and confidence in the capital market of Nepal. Also, the budget of FY 77/78 had emphasized on the implementation of stock dealer for the betterment of the capital market of Nepal.