Inauguration of the Specialized Dispute Resolution Council branch in the capital market – Tejaratnews

According to Tejarat News, the opening ceremony of the Capital Market Specialized Dispute Resolution Council branch was held today with the presence of high judicial, governmental and supervisory institutions and capital market officials.

This branch is for the purpose of conducting mediation with the aim of quickly and maximally compensating the losses caused by stock market crimes to the capital market actors in the framework of the current laws of the country in line with Article (1) of the instructions for organizing the handling of Iran’s capital market cases in cooperation with the Dispute Resolution Development Center of the Judiciary and The Stock Exchange and Securities Organization is established at the place of the Stock Exchange Organization.

The text of the mentioned article is as follows: In order to use the approach of restorative justice and peace and compromise in dealing with capital market cases, the Dispute Resolution Development Center, in cooperation with the Securities and Exchange Organization, will take action regarding the allocation of branches or branches of the Dispute Resolution Council and the use of mediation. slow

Cooperation between the stock exchange and the judiciary in order to amend the laws

Majid Eshghi said in the opening ceremony of the dispute resolution council of the specialized branch of the capital market: one of the neglected capacities that can help the capital market is the dispute resolution council.

He added: “Definitely, due to the complexity of the capital market and the sensitivity of this market, there will be differences that the existence of such a center can solve many challenges.”

The head of the stock exchange organization continued: More than 60 million people are active in the capital market, and the opening of the dispute resolution council can help a lot in summarizing the ambiguities and speeding up the processing of cases.

Eshghi said: Fortunately, the stock exchange organization and the judiciary have good interaction and cooperation with each other, and extensive measures have been taken regarding prevention. The productive cooperation of these two devices has sometimes led to the modification of market regulations and procedures.

It should be mentioned that with the establishment of the Dispute Resolution Council, 8-point guidelines were prepared for the capital market.

Majid Eshghi said: One of the constant concerns of us and the officials of the judiciary are capital market cases. Because they are governed by certain rules and regulations.

He continued: Judges’ lack of knowledge of these laws can change the proceedings. In this regard, we have planned the training of judges and the holding of special courses, which had very good results, and another of our joint programs with the judiciary was the disclosure of criminal decisions and violations that were published on the organization’s website. This action will have good effects in reducing violations.

The head of the stock exchange organization announced: Our goal in establishing a specialized branch of the dispute resolution council in the stock exchange organization is to follow up capital market cases before referring them to court.

He said: Some of these cases have private plaintiffs and may take a long time in court or the proceedings may not proceed properly, and the officials and managers of this branch are experienced experts.

Returning damages to the pockets of 10,000 victims with specialized follow-up of a case

Majid Eshghi said: The managers of the Capital Market Dispute Resolution Council can correctly recognize that if the parties to the lawsuit ask for a compromise, the delay in the proceedings will be avoided and all issues will be resolved right here.

The head of the stock exchange organization added: “Last year, a case was dealt with in the judicial branch in a specialized manner and caused more than 10,000 people who suffered damage from a violation to receive their compensation. The sources that the judge recognized were received from the defendants and deposited into the plaintiffs’ account.

He continued: We hope that with this method we can make the accused responsible. In some cases, this branch may lead to maintaining the reputation of people; Or it may in some cases lead to the reduction of the punishment and abandonment of the prosecution, and the establishment of this branch can also provide damages to the victims and warn the accused.

Eshghi added: The existence of such tools will help to have a healthy capital market. The main task of the stock exchange organization is to protect the rights of the shareholders, and in this regard, all available capacities should be used.

Check the codes that may have been violated

The head of the stock exchange organization said: Currently, the trading codes and the losses caused to the shareholders are being investigated, and if it is discovered, it will definitely be pursued as a crime.

Majid Eshghi, head of the stock exchange organization, said in the presence of journalists and on the sidelines of the opening ceremony of the Capital Market Specialized Dispute Resolution Council branch, that the industrial feed rate was notified by the government, but it was not notified to the stock exchange organization. The users of this circular are the publishers, to whom the circular should be properly communicated.

The head of the stock exchange organization stated: The position of the stock exchange organization is clear and according to the industry tables held, we presented our proposal for the feed rate.

He explained: The owners of confidential information and all other violations are monitored through information systems and we investigate any violations. If a specific issue is discovered, a case will be filed and presented to the court.

Eshghi added: Currently, the trading codes and losses caused to the shareholders are being investigated, and if it is discovered, it will definitely be pursued as a crime.

The head of the stock exchange organization stated: If a violation is detected, we will disclose the information and the names of the violators will be published.

Eshghi said: The time to determine and the assignment of this issue depends on the dimensions of the case, but the issue is being investigated.

Source: Senate