سازمان

The board of directors of the Securities and Exchange Organization, in tonight's meeting, approved the increase of the investment quota of fixed-income securities investment funds.

Tehran, March. 02 (SENA)-According to the Securities and Exchange News Agency (Sena), and referring to the proposal by the investment funds resulting from the conclusion of negotiations with the head of the Securities and  Exchange Organization, it was decided:

1- Mutual funds "in fixed income securities" are required to invest at least 15% and at most 25% of the total value of the fund's assets in "shares, pre-emptive rights and stock options contracts listed on the Tehran Stock Market or the first market. And the second is the OTC of Iran, the certificate of commodity deposit accepted in the stock market and the investment units of investment funds.

2- The mentioned funds are required to comply with the quorum subject to this decree by the end of Esfand 1400 as follows:

2-1- By the end of March 1399, increase at least 3 percentage points in the quorum subject to this decree in comparison with the current situation (date of notification of this decree) and up to the minimum quorum allowed for investment in the mentioned heading.

2-2- By the end of March, 1400 in each season to increase by 3 percentage points in the quorum subject to this decree compared to the current situation (date of notification of this decree) and up to the minimum allowable quorum for investment in the said heading.

2-3- For each unit, percentage of increase in investment in stocks, pre-emptive rights and stock options contract accepted in Tehran Stock Market or the first and second OTC markets of Iran and commodity deposit certificate accepted in the stock market up to the authorized investment quorum In the mentioned heading, 2 percentage points are deducted from the minimum quorum of investment in fixed income securities.

3. The funds were authorized to decide on the distribution of at least 2% of the assets from the reserve due to the change in stock value at the end of the current fiscal year, up to one year after the end of the fiscal year and in accordance with market conditions.

4- It was also approved that the maximum amount of government securities purchased should be 30% of the value of the fixed income assets of the funds.

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