Achieving a favorable stock exchange through increasing incentives

According to Tejarat News, the vice president of operations and supervision Exchange Regarding the plan to regulate the market of goods subject to the obligation to be offered on the commodity exchange, Iran’s Commodity believes that instead of criminalizing the policy of regulating the exchange goods market, it is better to put the incentives proposed by the Supreme Council of the Stock Exchange on the agenda.

Quoted from newsJavad Jahormi, Deputy Director of Operations and Supervision of the Iran Commodity Exchange, said in Faramatan program on the Afogh Sima network: In the field of petrochemicals, about 95% of the products are offered on the commodity exchange.

Therefore, the same law that caused the supply floor to be observed in petrochemicals can be effective for other products, including steel. In this context, it seems that not the absence of the law, but the weakness in the implementation of the law is the main challenge that needs to be strengthened.

According to Jahormi, by defining and framing the current laws and regulations in the field of supply and demand, the penal law and the distribution network, the needs of the market can be optimally met.

He added: “If the executive power and the way of implementing the law in the custodian institutions are strengthened, the concerns of the parliamentarians will also be resolved.” Challenges and problems in our economy were formed when we interfered and manipulated the structures with the resolutions of different councils.

Jahormi suggested that instead of criminalization, it is better than the incentives provided by the Supreme Council Exchange It is recommended to use.

He emphasized: Our biggest challenge and concern is the repetition of the events of 2017 in commodity markets. In this year, based on the approvals, all the powers were placed under the Ministry of Security, and from that area, both Khosran was given to the shareholders and a lot of rent was distributed. Now the big concern is the repetition of the same process.

In the end, Jahormi also said about the acceptance of stock market goods: It is better to make a decision based on the same structure as the previous one, which refers to the Supreme Council of the Stock Exchange and the capital market supervisor.