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Code: 49172 Visited: 141 Publish Date: May 15 2018 - 1:31
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Capital Market
More Vigorous Supervision on Funds and Brokerages
Tehran, May. 15 (SENA) - During his visit to Tamadon Investment Bank, Chairman of Securities and Exchange Organization Shapour Mohammadi underlined a series of capital market developments last year.

Tehran, May. 15 (SENA) - During his visit to Tamadon Investment Bank, Chairman of Securities and Exchange Organization Shapour Mohammadi underlined a series of capital market developments last year. Modifying three main regulations regarding disclosure requirements in the capital market was named as the biggest step. This led to more transparency in the markets and less suspension and freeze periods for companies’ ticker symbols, to the extent that only 10 symbols on average are currently frozen while the figure used to be around 70.

Mohammadi continued that sending notifications to every member of the boards of capital market issuers to notify them about the due dates of their financial statements is an instance of such micro adjustments. The number of delayed financial reports dropped from 40 cases on average each month to just one or two. The average days of delay also decreased from 30 to 40 days to just 3 to 4 days.

Mohammadi also noted that the awareness about the capital market in the public has increased considerably and SEO is planning to continuously increase the level of financial inclusion in the society.

Revising trading on credit was an important part of Mohammadi's remarks which signalled more rigorous measures regarding brokerage firms.

 
By: Security and Exchange News Agency (SENA)
 
 
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