SEBON releases list of BFIs that have renewed ASBA membership; only 47 BFIs fall in the list

Securities Exchange Board of Nepal (SEBON) has revealed the names of 47 BFIs through which ASBA services can be used to apply for shares.

For the purchase of shares issued to the public, ASBA services can be used enabling the investors to apply for shares online. However, only those BFIs provide this service which have an ASBA membership. The ASBA membership requires yearly renewal for uninterrupted services. Until BFIs renew their membership, ASBA services will not be available.

SEBON has made public the list of 47 BFIs that have renewed their ASBA membership for FY 76/77. Other BFIs will be able to provide ASBA services only after renewal of their membership.