Some of the applicants, disqualified by Nepal Stock Exchange (Nepse) for the new share brokers’ written test, have jointly approached Nepse and requested it to reconsider their disqualification.
“Among the 25 disqualified applicants, six to seven applicants have jointly applied for reconsideration of their applications to the examination committee,” said Shanker Man Singh, General Manager of Nepse.
However, he did not divulge the names. “The committee is seeking legal advice on the matter,” he said, saying 137 applicants who have been asked to attend the written test will have no bearing of this development.
For the written objective test on October 11, an expert panel will frame 30 questions under seven topics and then the group of moderators will prepare ten sets of question papers, among which only one will be picked up via a lucky draw. Finally, Nepse will select 34 applicants based on the test results. However, the final 27 will be chosen by Nepse’s regulatory body Securities Board of Nepal (Sebon). The selected brokerage houses will, apparently, be then trained by Nepse and start the operation within next 2-3 months. In order to avoid any manipulations, Nepse is using Optical Magnetic Readable (OMR) system to asses the test. Thus, the result will be published instantaneously leaving no loopholes. Nepse has termed attempts at influencing the examination proceedings futile, given the transparency of the whole proceedings.
“The transparency will ensure that no one can bully his way through political pressures,” said Singh. When the selection process halted in February 2008 by the Commission for Investigation of Abuse of Authority (CIAA), questioning the transparency of the process, Nepse had already selected 316 candidates from 336 applicants. They were to go through the test of 25 marks.
However, when Nepse asked the aspirants to restate their eligibility as per the required criteria in August this year, only 162 companies reapplied.
news source:thehimalayantimes.com
“Among the 25 disqualified applicants, six to seven applicants have jointly applied for reconsideration of their applications to the examination committee,” said Shanker Man Singh, General Manager of Nepse.
However, he did not divulge the names. “The committee is seeking legal advice on the matter,” he said, saying 137 applicants who have been asked to attend the written test will have no bearing of this development.
For the written objective test on October 11, an expert panel will frame 30 questions under seven topics and then the group of moderators will prepare ten sets of question papers, among which only one will be picked up via a lucky draw. Finally, Nepse will select 34 applicants based on the test results. However, the final 27 will be chosen by Nepse’s regulatory body Securities Board of Nepal (Sebon). The selected brokerage houses will, apparently, be then trained by Nepse and start the operation within next 2-3 months. In order to avoid any manipulations, Nepse is using Optical Magnetic Readable (OMR) system to asses the test. Thus, the result will be published instantaneously leaving no loopholes. Nepse has termed attempts at influencing the examination proceedings futile, given the transparency of the whole proceedings.
“The transparency will ensure that no one can bully his way through political pressures,” said Singh. When the selection process halted in February 2008 by the Commission for Investigation of Abuse of Authority (CIAA), questioning the transparency of the process, Nepse had already selected 316 candidates from 336 applicants. They were to go through the test of 25 marks.
However, when Nepse asked the aspirants to restate their eligibility as per the required criteria in August this year, only 162 companies reapplied.
news source:thehimalayantimes.com
1 comment:
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