Securities purchased cannot be used as liquid assets until they are sold: Chairman Dhakal

लगानी न्यूज

२ कार्तिक २०८२, आईतवार १२:३०October 19, 2025

. Stock Brokers Association of Nepal’s President Sagar Dhakal expressed concern over the lack of provision for using securities once purchased as liquid assets until they are sold.

Speaking at a greetings exchange program organized by the association, he said that no other provision has been implemented except for sale for reuse or to take loan by using it as collateral in physical presence.TAG_OPEN_div_36

He said that if the facility of securities lending and borrowing or offline trading could only be started, the investors could reuse the securities they have.TAG_OPEN_div_34

He said that although it has been 33 years since the beginning of the capital market in Nepal, there is still a lot of work to be done in the direction of development, stability and modernization of the capital market in Nepal as compared to other countries that have started the capital market with us.TAG_OPEN_div_32

He said that there is a need to do a lot of work, especially in terms of policy, infrastructure, technology and product.TAG_OPEN_div_30

TAG_OPEN_div_28 Two decades have passed since the Securities Act 2063 was enacted. Meanwhile, there have been drastic changes in the capital, technology, product and infrastructure sectors as well as in the investment behavior of investors,” said Dhakal. I urge all the stakeholders to move ahead together for the growth and development of the capital market. ’

. He said that even in modern times, investors are compelled to be physically present in various bodies and trade shares. “We are compelled to spend days making rounds of offices with demat accounts, bank accounts, broker accounts, ASBA,” he said, adding, “So far, we have not been able to fully adopt issues like video KYC, central KYC.” By opening an account physically or online at the broker’s office, investors are compelled to run to many agencies to fulfill the requirements of other accounts. ’

}’Even after 33 years of the operation of the stock market, we still have only ordinary shares of listed companies as a regular trading tool. Apart from this, there are a few types of non-convertible debentures and mutual fund funds,” he said, “We have not been able to prepare and operate derivative instruments such as options and futures due to the contraction of the Securities Act and the apathy of all the participants from the market participants to the regulatory bodies.” ’

He also said that intraday, short sale facilities could not be used even in spot trading.TAG_OPEN_div_22

He said that the Securities Board of India (SEBON) has formed a committee to formulate margin procedures and make it practical based on the suggestions of all stakeholders and implement it as soon as possible.TAG_OPEN_div_20

He informed that the Association of Nepal is preparing to celebrate its 32nd establishment day on October 22.TAG_OPEN_div_19