SEBON asks brokers to shut down screen exhibition room

Kathmandu, Mar 19

The Securities Board of Nepal (SEBON) had asked the stock market brokers to shut down their Screen Exhibition Room as the precaution for the novel coronavirus (COVID-19).

The share brokers’ offices feature with a hall with a large display screen where investors sit and watch the shares transactions before giving buy and sell orders of the securities.

“All the stock market actors should ensure that there were not more than five people in their office and manage it in that way,” Deputy Executive Director of the board Dr. Nabaraj Adhikari said.

Likewise, the brokers have been asked to make provision of sanitizer and mask as well as temperature measurement and health screening at their offices.

The board has also directed them to display informative materials about safety from COVID-19 at their entrance, and follow the decisions of the High-Level Committee on Prevention and Control of Coronavirus.

The SEBON had issued the fresh directive in line with the government decision, on Wednesday, to restrict people to gather in more than 25 in number, shut the schools, colleges, government, community and private sector training institutions, and conferences and large-scale gatherings.

It had also consulted with the high official of the Nepal Stock Exchange, representatives of the investors associations, stock brokers and board officials before issuing the directives.

Published in The Rising Nepal daily on 20 March 2020.