Kathmandu, April 15

The circular issued by the Securities Board of Nepal (SEBON) regarding the placement of buy and sell orders of shares over the internet on March 9, 2017, has come into effect from today.

The instruction was issued with an aim to facilitate investors and make the process easier, faster, more convenient and sustainable.

SEBON has instructed the brokers to use the current Back Office System after making some adjustments to the software to take investors’ buy and sell orders over the internet.

From the first trading day of the Nepali calendar — 2075 BS — investors were able to place orders via the internet by replacing telephone and oral orders.

The Securities Board of Nepal has already sent letters to inform all brokers to operate online buy and sell process.

This facility introduced by SEBON will make participating in the capital market transparent, fast, investor friendly and more convenient for investors. SEBON also believes that this will create a foundation for the moment when the Nepal Stock Exchange implements its online trading system.