The Finance Committee of the House of Representatives on Tuesday issued a directive to open brokers’ new license process. A meeting of the Committee held in Singha Durbar this afternoon directed Securities Board of Nepal, the regulatory body of capital market, and Nepal Stock Exchange to open the brokers’ new license process. The Committee, which had issued a directive to stop the process of distributing new licenses earlier, directed Sebon and NEPSE to open the brokers’ new license process today after holding a discussion.

Committee President Santosh Chalise said that the directive to proceed with the process was issued after the ambiguity in this matter was removed.

Chalise said that the meeting decided to direct Sebon and NEPSE through the Finance Ministry to issue the permits to brokers and traders if they meet the standard. During the meeting, Sebon Chairman Ramesh Hamal said that the permits will be issued to those who meet the set standard and process. He said that the decision to issue the permit was made by the board of directors, not by individuals.