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<strong><span style="font-size: 12px;">--By Yagya Banjade</span></strong></div>
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Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). </div>
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SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided, </div>
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<div>
“SEBON is eager to provide DP membership at the earliest by reviewing the net worth requirement,” Shrestha said. “To secure the interest of the investors and to ease off the process for entrepreneurs, we are making preparations to amend existing bylaws,” he said. </div>
<div>
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It is mandatory for any company to have separate infrastructure for providing DP services. Therefore SEBON is planning to provide DP membership by deciding the minimum net worth requirement for infrastructure development and business operation. </div>
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CDS has already conducted a feasibility study and presented its report to CDS. The report has recommended providing DP membership to any firm having a minimum net worth requirement of Rs 2 million and has added that such firms must be adding Rs 2 million net worth every year, until it reaches Rs 1 billion, source claimed. </div>
<div>
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<div>
However, this recommendation does not seem to satisfy SEBON. “The feasible study focuses on mandatory net worth requirement rather than meeting the requirement within certain period,” Shretha said. SEBON is preparing to make such amendments to ensure the participation of the entire securities broker companies that will activate the CDS in an effective way. </div>
<div>
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<div>
The report will acquire legal status after being approved by SEBON’s management committee and the Finance Ministry. The process is assumed to take a while for being actualized. </div>
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Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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<strong><span style="font-size: 12px;">--By Yagya Banjade</span></strong></div>
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Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). </div>
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<div>
SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided, </div>
<div>
he added. </div>
<div>
</div>
<div>
Presently companies must have a net worth requirement of Rs 10 million for acquiring a DP membership. Sources have claimed that SEBON is preparing to cut down the current net worth requirement after broker companies expressed reluctance to acquire DP membership citing infeasible net worth requirement. </div>
<div>
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<div>
“SEBON is eager to provide DP membership at the earliest by reviewing the net worth requirement,” Shrestha said. “To secure the interest of the investors and to ease off the process for entrepreneurs, we are making preparations to amend existing bylaws,” he said. </div>
<div>
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<div>
It is mandatory for any company to have separate infrastructure for providing DP services. Therefore SEBON is planning to provide DP membership by deciding the minimum net worth requirement for infrastructure development and business operation. </div>
<div>
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<div>
CDS has already conducted a feasibility study and presented its report to CDS. The report has recommended providing DP membership to any firm having a minimum net worth requirement of Rs 2 million and has added that such firms must be adding Rs 2 million net worth every year, until it reaches Rs 1 billion, source claimed. </div>
<div>
</div>
<div>
However, this recommendation does not seem to satisfy SEBON. “The feasible study focuses on mandatory net worth requirement rather than meeting the requirement within certain period,” Shretha said. SEBON is preparing to make such amendments to ensure the participation of the entire securities broker companies that will activate the CDS in an effective way. </div>
<div>
</div>
<div>
The report will acquire legal status after being approved by SEBON’s management committee and the Finance Ministry. The process is assumed to take a while for being actualized. </div>
<div>
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<div>
Experts opine that the procedure for amending the provision will take longer time and pointed that broker companies who have not acquired DP membership, citing higher net worth requirement, will have to wait a while to acquire it. </div>
<div>
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<div>
Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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<strong><span style="font-size: 12px;">--By Yagya Banjade</span></strong></div>
<div>
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<div>
Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). </div>
<div>
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<div>
SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided, </div>
<div>
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<div>
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<div>
Presently companies must have a net worth requirement of Rs 10 million for acquiring a DP membership. Sources have claimed that SEBON is preparing to cut down the current net worth requirement after broker companies expressed reluctance to acquire DP membership citing infeasible net worth requirement. </div>
<div>
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<div>
“SEBON is eager to provide DP membership at the earliest by reviewing the net worth requirement,” Shrestha said. “To secure the interest of the investors and to ease off the process for entrepreneurs, we are making preparations to amend existing bylaws,” he said. </div>
<div>
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<div>
It is mandatory for any company to have separate infrastructure for providing DP services. Therefore SEBON is planning to provide DP membership by deciding the minimum net worth requirement for infrastructure development and business operation. </div>
<div>
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<div>
CDS has already conducted a feasibility study and presented its report to CDS. The report has recommended providing DP membership to any firm having a minimum net worth requirement of Rs 2 million and has added that such firms must be adding Rs 2 million net worth every year, until it reaches Rs 1 billion, source claimed. </div>
<div>
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<div>
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Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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<strong><span style="font-size: 12px;">--By Yagya Banjade</span></strong></div>
<div>
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<div>
Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). </div>
<div>
</div>
<div>
SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided, </div>
<div>
he added. </div>
<div>
</div>
<div>
Presently companies must have a net worth requirement of Rs 10 million for acquiring a DP membership. Sources have claimed that SEBON is preparing to cut down the current net worth requirement after broker companies expressed reluctance to acquire DP membership citing infeasible net worth requirement. </div>
<div>
</div>
<div>
“SEBON is eager to provide DP membership at the earliest by reviewing the net worth requirement,” Shrestha said. “To secure the interest of the investors and to ease off the process for entrepreneurs, we are making preparations to amend existing bylaws,” he said. </div>
<div>
</div>
<div>
It is mandatory for any company to have separate infrastructure for providing DP services. Therefore SEBON is planning to provide DP membership by deciding the minimum net worth requirement for infrastructure development and business operation. </div>
<div>
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<div>
CDS has already conducted a feasibility study and presented its report to CDS. The report has recommended providing DP membership to any firm having a minimum net worth requirement of Rs 2 million and has added that such firms must be adding Rs 2 million net worth every year, until it reaches Rs 1 billion, source claimed. </div>
<div>
</div>
<div>
However, this recommendation does not seem to satisfy SEBON. “The feasible study focuses on mandatory net worth requirement rather than meeting the requirement within certain period,” Shretha said. SEBON is preparing to make such amendments to ensure the participation of the entire securities broker companies that will activate the CDS in an effective way. </div>
<div>
</div>
<div>
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<div>
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<div>
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<div>
</div>
<div>
Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). </div>
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<div>
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<div>
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<div>
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<div>
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<div>
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<div>
</div>
<div>
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<div>
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<div>
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<div>
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<div>
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<div>
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Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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<strong><span style="font-size: 12px;">--By Yagya Banjade</span></strong></div>
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Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). </div>
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SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided, </div>
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<div>
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Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC).
SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided,
he added.
Presently companies must have a net worth requirement of Rs 10 million for acquiring a DP membership. Sources have claimed that SEBON is preparing to cut down the current net worth requirement after broker companies expressed reluctance to acquire DP membership citing infeasible net worth requirement.
“SEBON is eager to provide DP membership at the earliest by reviewing the net worth requirement,” Shrestha said. “To secure the interest of the investors and to ease off the process for entrepreneurs, we are making preparations to amend existing bylaws,” he said.
It is mandatory for any company to have separate infrastructure for providing DP services. Therefore SEBON is planning to provide DP membership by deciding the minimum net worth requirement for infrastructure development and business operation.
CDS has already conducted a feasibility study and presented its report to CDS. The report has recommended providing DP membership to any firm having a minimum net worth requirement of Rs 2 million and has added that such firms must be adding Rs 2 million net worth every year, until it reaches Rs 1 billion, source claimed.
However, this recommendation does not seem to satisfy SEBON. “The feasible study focuses on mandatory net worth requirement rather than meeting the requirement within certain period,” Shretha said. SEBON is preparing to make such amendments to ensure the participation of the entire securities broker companies that will activate the CDS in an effective way.
The report will acquire legal status after being approved by SEBON’s management committee and the Finance Ministry. The process is assumed to take a while for being actualized.
Experts opine that the procedure for amending the provision will take longer time and pointed that broker companies who have not acquired DP membership, citing higher net worth requirement, will have to wait a while to acquire it.
Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.
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<strong><span style="font-size: 12px;">--By Yagya Banjade</span></strong></div>
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Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). </div>
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SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided, </div>
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Presently companies must have a net worth requirement of Rs 10 million for acquiring a DP membership. Sources have claimed that SEBON is preparing to cut down the current net worth requirement after broker companies expressed reluctance to acquire DP membership citing infeasible net worth requirement. </div>
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CDS has already conducted a feasibility study and presented its report to CDS. The report has recommended providing DP membership to any firm having a minimum net worth requirement of Rs 2 million and has added that such firms must be adding Rs 2 million net worth every year, until it reaches Rs 1 billion, source claimed. </div>
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Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). </div>
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<div>
he added. </div>
<div>
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<div>
Presently companies must have a net worth requirement of Rs 10 million for acquiring a DP membership. Sources have claimed that SEBON is preparing to cut down the current net worth requirement after broker companies expressed reluctance to acquire DP membership citing infeasible net worth requirement. </div>
<div>
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“SEBON is eager to provide DP membership at the earliest by reviewing the net worth requirement,” Shrestha said. “To secure the interest of the investors and to ease off the process for entrepreneurs, we are making preparations to amend existing bylaws,” he said. </div>
<div>
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<div>
It is mandatory for any company to have separate infrastructure for providing DP services. Therefore SEBON is planning to provide DP membership by deciding the minimum net worth requirement for infrastructure development and business operation. </div>
<div>
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CDS has already conducted a feasibility study and presented its report to CDS. The report has recommended providing DP membership to any firm having a minimum net worth requirement of Rs 2 million and has added that such firms must be adding Rs 2 million net worth every year, until it reaches Rs 1 billion, source claimed. </div>
<div>
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However, this recommendation does not seem to satisfy SEBON. “The feasible study focuses on mandatory net worth requirement rather than meeting the requirement within certain period,” Shretha said. SEBON is preparing to make such amendments to ensure the participation of the entire securities broker companies that will activate the CDS in an effective way. </div>
<div>
</div>
<div>
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<div>
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<div>
Experts opine that the procedure for amending the provision will take longer time and pointed that broker companies who have not acquired DP membership, citing higher net worth requirement, will have to wait a while to acquire it. </div>
<div>
</div>
<div>
Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). </div>
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SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided, </div>
<div>
he added. </div>
<div>
</div>
<div>
Presently companies must have a net worth requirement of Rs 10 million for acquiring a DP membership. Sources have claimed that SEBON is preparing to cut down the current net worth requirement after broker companies expressed reluctance to acquire DP membership citing infeasible net worth requirement. </div>
<div>
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“SEBON is eager to provide DP membership at the earliest by reviewing the net worth requirement,” Shrestha said. “To secure the interest of the investors and to ease off the process for entrepreneurs, we are making preparations to amend existing bylaws,” he said. </div>
<div>
</div>
<div>
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CDS has already conducted a feasibility study and presented its report to CDS. The report has recommended providing DP membership to any firm having a minimum net worth requirement of Rs 2 million and has added that such firms must be adding Rs 2 million net worth every year, until it reaches Rs 1 billion, source claimed. </div>
<div>
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<div>
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<div>
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<div>
Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided, </div>
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he added. </div>
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“SEBON is eager to provide DP membership at the earliest by reviewing the net worth requirement,” Shrestha said. “To secure the interest of the investors and to ease off the process for entrepreneurs, we are making preparations to amend existing bylaws,” he said. </div>
<div>
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<div>
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Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). </div>
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<div>
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<div>
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<div>
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<div>
Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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<div>
Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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