SBAN Responds to Dissenting Investors' Warnings about Potential TMS Closures
Following recent protests and concerns raised by dissatisfied investors regarding new taxation arrangements outlined in the fiscal budget, the Stock Brokers' Association of Nepal (SBAN) has issued a response.
In an official press release, SBAN acknowledged that certain investors have expressed dissatisfaction with the proposed changes presented in the Economic Bill of 2080. The association further noted that some protesting investors have attempted to disrupt Trading Management Services (TMS) by visiting various brokerage houses. Additionally, these protestors have vehemently warned brokerage houses to remain non-functional amidst ongoing dissent from investors.
SBAN has appealed to relevant officials and stakeholders to facilitate a secure environment that allows brokerage houses and their staff to continue their services smoothly and without interruptions.
Furthermore, SBAN emphasized the sensitivity of the share market and the necessity for thorough discussions with concerned officials and stakeholders prior to implementing any alterations to existing laws and regulations that may impact the market, either directly or indirectly. Such pre-discussions are deemed crucial in safeguarding the interests of investors and ensuring the stability of the capital market.
