دهقان دهنوی

The head of the Securities and Exchange organization announced the proposed package of 3 + 7 capital market to the government. Three of its resolutions will take effect today, and the other seven are subject to the approval of the Supreme Economic Coordination Council.

Tehran, May. 01 (SENA)- According to the Securities and Exchange News Agency (Sena), the head of the Securities and Exchange Organization announced today at a government press conference the implementation of three resolutions to support the capital market.

Dr. Mohammad Ali Dehghan Dehnavi stated in this regard: Allocating one percent of the resources of the National Development Fund to the Market Stabilization Fund, lifting the ban on capital market financial institutions to use banking facilities and granting 5-year residency to foreign investors to buy shares from today The decree will be implemented in the capital market.

Regarding other weekly proposals, he said: "The first proposal was to transfer 80% of the income from the stock transfer tax in 1400 to the stabilization fund account."

The second decree to encourage companies operating in the capital market is that if the accumulated profit is spent on raising capital, companies will be equally tax-exempt.

Regarding the third decree, the head of the Securities and Exchange Organization announced: Companies that buy their shares and their subsidiaries in order to support the market in accordance with the principles of the Supreme Council of Stock Market, can buy up to 50% of the shares as The tax deferral is for one year and they are allowed to keep part of this tax for one year and buy shares from it.

Dr. Dehghan Dehnavi, noting that previously, banks and credit institutions were not able to invest in the capital market due to the provisions of the law on removing barriers to production, continued: According to the fourth proposal, banks and credit institutions can use Article 16 And 17 laws to remove barriers to production are exempted for three years and protect their financial resources from the capital market.

The head  the Securities and  Exchange Organization continued: The fifth case was that it was requested to allow the National Development Fund to invest in the capital market. According to the fund's charter, investing in foreign monetary and financial markets was allowed, but it was requested that the capital market be included in the fund's investment. This was approved by the government and we hope it will be approved by the Supreme Economic Coordination Council.

The spokesman of the Securities and Exchange Organization stated: According to the sixth proposal, it is requested to allow the Market Stabilization and Development Fund, two support institutions that are part of the capital market, to issue a ceiling of 20,000 billion tomans of government-guaranteed bonds. Place these resources to pursue market protection policies.

Regarding the seventh proposal, Dr. Dehghan Dehnavi said: "The people who had bought the units of the first refining ETF fund and had suffered losses during this period, their losses should be compensated in some way." In this way, through the units of the same fund or other shares or funds that the government will have to transfer, it will be given to the affected people in the form of bonuses and as much as losses.

In the end, the head of the Securities and Exchange Organization emphasized: The program of the Organization will be to strengthen and develop the market and create more stability in the capital market.

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