Guidelines for Broker Mergers Being Finalized

The Nepal Securities Board is in the final stages of preparing guidelines to facilitate mergers among broker companies. Once implemented, these guidelines will help brokers unable to meet the minimum paid-up capital requirement by the end of Ashar.

Currently, 38 broker companies have not met the required capital. The board has instructed these companies to submit plans for capital fulfillment or mergers by Poush 8.

While the Stock Broker Association has requested an extension, the board insists on meeting the capital requirements within the set deadline and has no plans to amend the regulations.