NEPSE has suspended Sipla Securities (Broker No. 20) from trading for three days due to failure in settlement obligations under the T+2 rule.
Nepal Stock Exchange (NEPSE) has suspended Sipla Securities, listed as Broker No. 20, from carrying out share transactions for a period of three days. According to NEPSE, this action was taken due to the company’s failure to complete trade settlements within the prescribed time frame.
The T+2 rule implemented in the securities market mandates that settlement must be completed within two working days after the transaction date. Sipla Securities failed to adhere to this regulation, as confirmed by a letter received from CDS and Clearing Limited.
NEPSE, acting under the Securities Trading Operation Regulations, decided to enforce a three-day suspension starting Monday. During this suspension period, Sipla Securities will not be allowed to conduct any share transactions.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
