June 14, 2024

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Seo passes new laws to facilitate transactions in inventory market place

TEHRAN – Iran’s Securities and Exchange Corporation (Search engine marketing) has handed new restrictions in get to aid and alter transactions in the capital current market, the Search engine optimisation Head Mohammad-Ali Dehqan Dehnavi declared.

As described by ILNA, the pointed out laws and conclusions were being authorized in a board meeting on Friday.

In accordance to Dehnavi, 1st, in get to help the cash sector and improve the need facet, the Money Current market Development 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 boost the inventory price tag adjustment coefficient and the shares’ pre-emptive rights in credit history transactions from 45 percent to 60 %, the formal described.

In accordance to the third enactment, it was determined to critique the executive directions for the obtain, routine maintenance, and giving of treasury shares, with factors for facilitating the order and maintenance by issuers.

The issuance of credit cards to holders of “Justice Shares” by financial institutions was an additional final decision manufactured in this conference which will be operational throughout the coming 7 days.

“Negotiations to extend these expert services to other shareholders, specially smaller shareholders, really should also be on the agenda,” he mentioned.

It was also resolved to review the most well-liked stock recommendations in these a way that it would be achievable to grant most well-liked stock to the personnel of the subsidiaries or the father or mother organization or the entire money group in addition to the immediate workers of certain providers.

The Search engine optimization head even further pressured that in order to endorse transparency and provide up-to-date facts the revaluation of companies’ property ought to be accelerated and facilitated.

Also in this assembly, other critical troubles like producing peace in the sector, participation, and accountability of exterior and interior sector aspects, strengthening the stage of authorities assist for the industry, and satisfying the remaining obligations of the National Advancement Fund (NDF) were reviewed and vital proposals were formulated, the formal included.

EF/MA