Permission for Nagarik stock dealers to trade securities

Kathmandu. The Nepal Securities Board (NSB) has given permission to a Nagarik stock dealer company to operate as a securities trader. The stock dealer is a subsidiary of the Nagarik Investment Fund.

The stock dealer company has been given such permission under the policy of opening the entry of institutional investors in Nepal’s capital market. The Board had amended the Securities Dealers Regulations 2046 BS with effect from last February 1 to encourage collective investment in the securities market.

It was also mentioned in the budget statement of the government that stock dealers will be brought into operation to increase institutional investment in the capital market. The Board expects that this will increase the entry of investors in the stock market of Nepal and help in the development of the capital market.

As there are many small investors, the Board has expressed confidence that the small investors will benefit financially by investing the small capital of such investors in a prudent manner.