SEBON Slashes Broker Commission by 10%, Effective from May 14

The Securities Board of Nepal (SEBON) has announced its decision to reduce broker commissions by 10%. This decision was made during a meeting of the Board of Directors, according to Mukti Shrestha, the spokesperson for the Securities Board of Nepal. The revised broker commission rate will come into effect from May 14.

SEBON had proposed a 10% reduction in broker commissions, submitting the proposal to the Ministry of Finance for approval on October 18, 2023. Finance Minister Barshaman Pun approved the proposal to decrease brokerage commissions, aligning with SEBON’s recommendation.