April 7: SEBON has directed all brokers and share traders to implement automated system in payment of trading money. Earlier, SEBON had directed all concerned parties to settle the trading money within four days of the transactions.

SEBON has inspected three broker companies after it received complaints from investors of delays in settling trading money even after implementation of automated system that have made payments within four days mandatory.

SEBON inspected Broker no. 50 Cristal Kanchanjungha Securities, Broker no. 46 Kalika Securities and Broker no. 16 Primo Securities. During the inspection, SEBON find out that the brokers make untimely payment to investors. Thus, SEBON has directed brokers to make payment in time and implement full-fledged automated system in clearance of share transactions.