June 19, 2021

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Seo passes new restrictions to aid transactions in stock current market

TEHRAN – Iran’s Securities and Exchange Group (Search engine optimization) has passed new regulations in get to facilitate and change transactions in the money industry, the Seo Head Mohammad-Ali Dehqan Dehnavi declared.

As noted by ILNA, the described regulations and decisions ended up accredited in a board meeting on Friday.

In accordance to Dehnavi, to start with, in order to assist the money sector and improve the need facet, the Funds Current market Progress Fund was allowed to finance up to 30 trillion rials (about $714.2 million) as a result of the issuance of subordinated securities.

Secondly, it was also resolved to raise the inventory value adjustment coefficient and the shares’ pre-emptive rights in credit rating transactions from 45 p.c to 60 p.c, the official stated.

In accordance to the 3rd enactment, it was made the decision to review the govt directions for the obtain, maintenance, and presenting of treasury shares, with criteria for facilitating the purchase and routine maintenance by issuers.

The issuance of credit playing cards to holders of “Justice Shares” by financial institutions was an additional selection made in this meeting which will be operational all through the coming 7 days.

“Negotiations to lengthen these providers to other shareholders, especially little shareholders, should really also be on the agenda,” he mentioned.

It was also determined to assessment the desired stock guidelines in such a way that it would be attainable to grant most popular inventory to the staff of the subsidiaries or the guardian company or the overall economical group in addition to the direct staff of certain businesses.

The Search engine marketing head further more pressured that in buy to market transparency and give up-to-day information and facts the revaluation of companies’ belongings need to be accelerated and facilitated.

Also in this meeting, other important troubles like developing peace in the sector, participation, and accountability of external and inner current market factors, bettering the amount of authorities help for the current market, and satisfying the remaining obligations of the Nationwide Improvement Fund (NDF) were being talked about and critical proposals have been formulated, the formal included.

EF/MA