NEPSE Forwards Process of RWS

January 26: Nepal Stock Exchange (NEPSE) has forwarded the process of expanding remote work station (RWS) of stock brokers. The process was forwarded as per the decision of NEPSE board of directors' meeting held on January 20. NEPSE issuing a statement clarified of informing Securities Board of Nepal (SEBON) about the capital of stock brokers, required infrastructure, risk management, human resource and clearing and settlement mechanism related with expansion of broker branches.

NEPSE mentioned of allowing brokers company having net worth of Rs 10 million and raise the paid-up capital to Rs 20 million by the end of current FY to expand remote work station (RWS). The companies with the infrastructure including accessibility of trading details conducted through RWS and risk management from central office along with log-in monitoring mechanism on Broker Company and remote trading terminal can expand their branches.

Furthermore, the head of RSW should be management graduate, economics graduate or CA passed out, as per the NEPSE.