Nepal Stock Exchange has suspended Beni Securities Private Limited for three working days due to delay in completing clearing and settlement work.
Nepal Stock Exchange (NEPSE) has suspended Beni Securities Pvt. Ltd. (Broker No. 93) for three working days. The decision came after the broker company failed to complete its clearing and settlement tasks within the given deadline.
The action was taken after CDS and Clearing Limited (CDSC) recommended NEPSE to suspend the broker. CDSC had written a letter to NEPSE because Beni Securities did not finished their clearing and settlement work on time.
Reason for Suspension
Based on the letter sent by CDSC on Bhadra 3, 2083, NEPSE decided to suspending Beni Securities. This action was taken according to Regulation 22(1) (gha) of the Securities Trading Operation Regulations, 2075. The suspension will last for three working days.
Beni Securities is located in Baneshwor, Kathmandu.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
