Kathmandu. The Stock Brokers Association of Nepal (SEBON) has said that its attention has been drawn towards the stalling of the work of the Securities Board of Nepal (SEBON) due to the employees’ agitation.
The association has expressed this in a press release. “All the employees of the Securities Board of Nepal have been on strike for the past one month after the Ministry of Finance issued a directive on September 14 to implement the decision to curtail various services and facilities that the employees have been enjoying since the establishment of the Securities Board of Nepal (SEBON) and to refund the amount used by the employees through the welfare coup and to recover the amount as the government dues,” he said. The statement said.
The Securities Board of Nepal (SEBON), the sole regulator of the capital market in Nepal, has been regulating more than 700 institutions including its subordinates and listed companies. “As per the principles of the International Umbrella Organization of Securities Regulators (IOSCO), the Ministry of Finance should maintain the autonomy of the Securities Board of Nepal (SEBON), one of the three pillars of the financial sector of Nepal, and immediately find a way out to the self-respect of all the agitating employees through negotiations. We have requested the Ministry of Finance to construct it,” the statement said.
