دهقان

In today's meeting, Friday, February 6, 2021, the Board of Directors of the Securities and Exchange Organization approved eight clauses in order to streamline and adjust transactions in the capital market



Tehran, Feb.08 (SENA)- The head of the Securities and Exchange Organization explained the approvals of the board of directors of the organization today and told the Securities  and Exchange News Agency (Sena): "In the first step, in order to support the capital market and strengthen the demand side, the Capital Market Development Fund was allowed to The ceiling of three thousand billion tomans to finance through the issuance of subordinated sale of shares.

Dr. Mohammad Ali Dehghan Dehnavi referred to the second decree and stated: It was also decided to increase the stock adjustment coefficient and its pre-emptive right in credit transactions from 45% to 60%.

He pointed out that in accordance with the third paragraph, it was decided to review the executive instructions for the purchase, maintenance and offering of treasury shares with a view to facilitating the purchase and maintenance by issuers announced the possibility of buying private marketing fund units for the public the necessary process and tools are modeled and designed.

The head of the Securities and Exchange Organization, referring to the negotiations with the banks and the necessary preparations in the Central Depository Company, clarified: with the approval of the Board of Directors of the Securities and Exchange Organization, it was decided; the issuance of credit cards to justice shareholders by banks will be operational during the coming week. Negotiations to extend these services to other shareholders, especially small shareholders, should also be on the agenda.

He referred to the sixth resolution and said: "It was decided to review the guidelines for preferred shares in such a way that in addition to the direct employees of the companies, it is possible to grant preferred shares to the employees of subsidiaries or the parent or all financial groups."

The spokesperson of the Securities and Exchange Organization stressed that in order to promote transparency and up-to-date information, the revaluation of companies' assets should be accelerated and facilitated: "Also in this meeting, other important issues in order to create market calm, participation and responsibility." The acceptability of the external and internal elements of the market, raising the level of government support for the market and fulfilling the remaining obligations of the National Development Fund were discussed and important proposals were formulated that will be considered at the meeting of the Supreme Council of the Stock Market on Saturday.

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