The delegation led by SBAN President Anjan Raj Poudel requested the central bank to take make necessary arrangements to accept Nepal Stock Exchange´s (Nepse) recommendation for transferring ownership of shares that were sold before the persons concerned were blacklisted.[break]
The stock brokers also demanded that information on blacklisting be disseminated through Nepse in a transparent way. The delegation requested the central bank to make arrangement for extending existing trading provision before imposing ´lock in period´ under which promoters shares cannot be traded in the secondary market. Once the Central Depository System (CDS) is introduced, transactions of shares in different categories will be discontinued.
The delegation also demanded that the central bank make necessary arrangement to allow bank and financial institutions (BFIs) invest a maximum of 5 percent of their total paid-up capital in the stock market on condition that representatives of those BFIs will not enjoy voting rights.
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