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FinancialNews
07-02-21
Iran passes new regulations to ease transactions in capital market
(MENAFN)According to the SEO Head Mohammad-Ali Dehqan Dehnavi, Iran's Securities and Exchange Organization (SEO) represented new regulations in order to ease and adjust transactions in the capital market.
The stated regulations and decisions were approved in a board assembly, according to ILNA.
To facilitate support the capital market and strengthen the demand side, the Capital Market Development Fund was permitted to finance up to 30 trillion rials (about USD714.2 million) via the issuance of subordinated securities, stated Dehnavi.
The official further stated that it was also planned to boost the stock price adjustment coefficient and the shares’ pre-emptive rights in credit transactions from 45 percent to 60 percent.
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