A meeting of the Securities Board of Nepal (SEBON) on Monday approved the proposal sent by Nepal Stock Exchange (NEPSE) to amend the 'Securities Trading Operation Bylaw' that paved way to implement the AMO.
Ananda Raj Sharma, Board Director confirmed that SEBON approved the amendment of the Securities Trading Bylaws on Monday.
Now the Bylaw is required to approved by NEPSE Board before implementation after which the general public can utilize AMO.
Once this system comes into effect, investors will be able to place orders in the system during off hours as well. There will be no fixed time slot for 'After Market Order'. Investors can place orders at any time according to their convenience. The order will be implemented on a priority basis as soon as the market opens the next day.
It was especially difficult for Nepalese living abroad (NRN) to place orders during regular market hours due to time difference. Now they will be able to place their orders at any time regardless of the time zone. Similarly, employees and other professionals who are busy during office hours during the day will also be able to place orders as per their convenience.
