Issuance of e-exchange licenses
According to Tejarat News, all the licensing systems of the Exchange Organization are to be connected to the Seaman portal or the national portal of the country’s licenses. All processes in the licensing system of financial institutions from zero to one hundred will be observable.
The reason for this connection is the transparency and ease of issuing licenses. Experts also believe that this issue can have a positive impact on the overall capital market.
The National Licensing Portal is also a system that manages and directs the country’s licensing system. It is the only official reference for the country’s licenses.
Fardin Aghabzorgi, a capital market expert, says: “The Exchange and Securities Organization is connected to the national portal of licenses, and in order to be transparent and expand the scope of activities of applicants and eligible people, this issue will facilitate and expedite the issuance of licenses.” Provides growth and excellence in the capital market.
He explains: Self-regulatory organizations can be a strong arm in cooperation and excellent supervision in specialized fields, but alone can not meet all the demands of the stock exchange organization in order to remove the monopoly. The specialized capacities of these organizations are also a good complement to monitoring and regulating the process of providing services to financial institutions.
Will stock market risk decrease?
The capital market expert states: Last year, about 80 portfolio companies were licensed to establish and operate, and subsequently, three applicants for the establishment of a brokerage company and six investment funds joined the Jirga of Financial Institutions. But the main difference in this issue is due to the lack of an association and the organization of an important order such as portfolios, unlike the association of brokers. In fact, the field that can be requested by the Exchange Organization as a specialized organization in various fields, including helping to create a fair, competitive, efficient securities market (in the country to gain the trust of investors), enhancing the credibility of the association members and affiliates with investors. , To regulate the affairs and promotion of the professions in which the members of the association are engaged, and to provide other matters.
Aghabzorgi emphasizes: With the adoption of development measures in the capital market, new thoughts and ideas emerge. Using the expert opinions of the portfolio management center, the risks of the industries can be properly controlled and reduced.