To protect investors, the Nepal Stock Exchange (NEPSE) has made a new rule for broker companies. If brokers do not return investors’ money on time, they will now have to pay extra money as interest.
This rule is made to make sure investors get their money quickly and to make brokers more responsible. NEPSE said that many investors had complained about late payments after selling shares. Now, with this new rule, investors can expect faster service and extra money if there’s a delay.
Why was this rule needed?
Many investors were unhappy because they did not get their money on time after selling shares. Some brokers were taking many days or even weeks to return payments. NEPSE made this rule after hearing many complaints.
This rule will make brokers more careful and faster with payments. If they delay, they lose money by paying interest. So, brokers will try harder to pay on time.
