سازمان

Reza Nouhi: "According to paragraph 2 of the notification No. 1202016 dated August 26, 2016 of this organization, the maximum ceiling of funds during the period of activity was 300,000 billion rials based on the nominal value of investment units, which according to the approval of the Supreme Council of stock market"The stock with fixed, mixed income and shares with active management increased to 500,000 billion rials."

Tehran, Dec. 14 (SENA) -Explaining the new notification issued to the Securities  and News Agency (Sena), the head of the Investment Funds Department of the Securities  and Exchange Organization said: In August 2016, it was announced to the public that the issuance of licenses for the ceiling of funds in fixed, mixed and equity securities at the time of the establishment of the fund was commensurate with the registered and paid-up capital of the fund managers.

Conditions for increasing the ceiling of fund units

Nouhi added: "In addition, during the period of the fund's activity, if the fund operates properly and the existing ceiling is about to be completed, the possibility of increasing the fund's unit ceiling was subject to the proportion of registered and paid capital of the fund manager."

He added: "With the expansion of licensed financial institutions that are allowed to manage funds in fixed income, mixed income and equity  in securities, the need to motivate development for these companies has become more necessary and the current regulations can be considered as one of the drivers of development of the mentioned companies in terms of hardware and software.

Possibility to increase the ceiling of the boxes

Regarding the possibility of increasing the ceiling of funds in fixed and mixed income securities, he also stated: Fixed and mixed income securities in the amount of more than 2,000, 250 billion Rials, regarding the application for permission to increase the ceiling of funds in fixed and mixed income securities in the amount of 5,000, 500 billion Rials, securing the equity of the fund manager in the amount of At least 10 thousand billion rials will be necessary.

Other approvals of the Supreme Council of the Stock market

Referring to other approvals of the Supreme Council of the Stock market, Nouhi noted: "Among other approvals of the Supreme Council of the Exchange," reform of the minimum amount "of the total value of funds in fixed income securities to be allocated for investment in fixed income securities The transfer of justice shares by the government, as well as the determination of a percentage of the total value of the assets of the mentioned funds for investment in investable companies.

He added: "In this regard, investment managers must at least 25% of the total value of investment fund assets" in fixed income securities "in accordance with the communiqué in" fixed income securities issued by the government with the guarantee of the organization of the program and The whole country's budget "to invest.

Nouhi added: "These funds are also required to invest at least 50% of the portfolio in" stocks, pre-emptive rights and stock options listed on the Tehran Stock market or the first OTC market and the second OTC market of Iran and invest in a commodity deposit certificate accepted with One of the stock market will invest until the end of the full liberalization of justice shares, to invest in shares and preemptive rights of shares of invested companies subject to the transfer of justice shares.

Regarding the participation of the persons subject to paragraph (b) of Note 2 of Article 14 of the Sixth Five-Year Development Plan Law, the Head of the Investment Funds Department stated:According to the announcement of the Central Bank's agreement with the participation of the mentioned persons in the establishment of investment funds, it is possible for the mentioned persons to submit an application for the establishment of investment funds.

Comment

You are replying to: .
6 + 1 =

Latest of Capital Market