Brokers Association recommends 6-point recommendations on monetary policy, demands removal of locking period of banks and financial institutions
लगानी न्यूज
. KATHMANDU: Nepal Stock Brokers Association (NEA) has recommended the Nepal Rastra Bank (NRB) for the monetary policy for the fiscal year 2083÷84. The Monetary Policy Association has submitted 6-point recommendations to the Nepal Rastra Bank (NRB) for the development and expansion of the capital market.
The Association has demanded that the existing locking period of at least 6 months for the sale of securities purchased by banks and financial institutions through secondary market be removed and easy entry and exit arrangements.TAG_OPEN_div_29
} Similarly, it has been suggested that margin trading loans provided to customers through securities broker companies should be developed as a separate financial product and separate from the current share mortgage loan limit and should be classified as commercial loans.
The Association has demanded that the limit of 40 percent of the core capital should be removed in the loan of share collateral and margin given by banks and financial institutions and calculated on the basis of certain percentage of total loan investment like loans of agriculture, hydropower, real sector and poor category.TAG_OPEN_div_25
Likewise, the committee has also suggested the government to make legal and TAG_OPEN_div_23 policy provisions so that Non-Resident Nepalese (NRNs) and foreign institutional investors can invest in the secondary market and easily take back the profits received from the investment.
The association has also demanded the government to list development bonds, bonds, civil saving shares and foreign employment bonds issued by the Government of Nepal and Nepal Rastra Bank in NEPSE by issuing them publicly.TAG_OPEN_div_21
Similarly, it has suggested amending the ‘Bank Account Freezing and Releasing Bylaws, 2081’ stating that the freezing of the main bank accounts of securities broker companies would affect regular transactions and cause trouble to millions of investors.TAG_OPEN_div_19 The association has demanded the government to make a clear provision that the accounts of payment service providers and securities trading institutions will not be frozen for the purpose of settlement.
प्रतिक्रिया दिनुहोस्