Kathmandu, May 17 -- The Securities Board of Nepal's plan to allow stockbrokers to work as securities dealers is in doubt as the regulator continues to procrastinate on revising the related laws.
The board was supposed to licence the stockbrokers to function as market dealers after Nepal Stock Exchange launched the full-fledged trading system on November 6.
After the trading platform came , the board had also asked the frontline regulator to initiate work to open licence of market dealers.
However, the board itself has failed to enforce the related regulation.
The institutions licenced as market dealers are allowed to buy and sell securities for themselves as opposed to stockbrokers who act on behalf of their customers. Unlike other inv...