Website positioning passes new rules to aid transactions in stock market

TEHRAN – Iran’s Securities and Exchange Business (Search engine optimization) has passed new laws in get to aid and adjust transactions in the cash market place, the Seo Head Mohammad-Ali Dehqan Dehnavi announced.

As described by ILNA, the outlined regulations and selections were being approved in a board conference on Friday.

According to Dehnavi, initial, in buy to guidance the cash sector and fortify the demand aspect, the Money Industry Progress Fund was permitted to finance up to 30 trillion rials (about $714.2 million) by way of the issuance of subordinated securities.

Next, it was also made a decision to maximize the stock value adjustment coefficient and the shares’ pre-emptive legal rights in credit rating transactions from 45 percent to 60 percent, the official defined.

In accordance to the 3rd enactment, it was made the decision to critique the government guidance for the purchase, routine maintenance, and presenting of treasury shares, with things to consider for facilitating the acquire and upkeep by issuers.

The issuance of credit rating cards to holders of “Justice Shares” by financial institutions was an additional determination produced in this meeting which will be operational through the coming week.

“Negotiations to increase these services to other shareholders, particularly modest shareholders, must also be on the agenda,” he claimed.

It was also resolved to review the chosen stock guidelines in these types of a way that it would be attainable to grant desired stock to the workers of the subsidiaries or the dad or mum firm or the complete financial group in addition to the direct staff of particular companies.

The Website positioning head even further pressured that in order to market transparency and supply up-to-day data the revaluation of companies’ belongings should really be accelerated and facilitated.

Also in this meeting, other important problems like generating peace in the market, participation, and duty of exterior and inside sector things, bettering the degree of governing administration help for the sector, and satisfying the remaining obligations of the Countrywide Progress Fund (NDF) ended up mentioned and essential proposals had been formulated, the official extra.

EF/MA