Obligation of pension funds to publish financial statements in Kodal – Tejaratnews
According to Tejarat News, Shahreh Rishidgan, the head of the Information Centralization Department of Public Institutions of the Stock Exchange Organization, stated: With the approval of the law amending paragraph 5 of article 6 of the Law on the Implementation of General Policies of Article 44 of the Constitution on 28/03/2018; Public non-governmental institutions and institutions, military and law enforcement institutions of the country and cooperative foundations affiliated with them, charitable organizations and institutions of the country, endowment institutions and institutions and holy and holy thresholds, all pension funds, both national and military, foundations, institutions of the Islamic Revolution, Institutions and other legal entities that are managed under the supervision of a jurist, and all companies and economic enterprises and their subsidiaries and affiliates are required to submit their audited financial statements and those of their subsidiaries, as well as changes in board members, to the Securities and Exchange Organization up to Six months after the end of the fiscal year.
He added: Also, based on the duties of the aforementioned law, the Securities and Exchange Organization is obliged to publish the financial information of the included persons, which was made possible for the included persons through the Kodal platform.
According to the respondents, the purpose of this law to disclose the financial information of the persons subject to it is to create information transparency and inform about the performance of these persons, and finally, with the correct implementation of the said law, the public will be able to monitor the performance of the said persons.
The head of the Information Centralization Department of Public Institutions of the Stock Exchange Organization said: Since the approval of this law, the Stock Exchange Organization has had numerous correspondences with the subjects of the said law regarding the disclosure of financial information and audited financial statements and subsidiaries. Also, in 1401, letters were written with about 6,000 charitable institutions across the country regarding the above-mentioned law, and as a result of these follow-ups, 597 legal entities have published their financial information through 9,200 announcements in the Kodal system.
As written by the Senate, he added: some of the subjects of the said law, in addition to publishing the financial information of the companies and affiliated economic enterprises, also published their financial information through the Kodal system, among which we can mention the Development Jihad, the Volleyball Federation, Jihad Nasr Institute, Jihad Esteghlal, Social Insurance Fund for Agriculture, Villagers and Nomads, Bodily Injury Insurance Fund, Pension Fund, Savings and Welfare of Oil Industry Employees, Mahek Charity, National Copper Industries Company Pension Fund, etc.
In the end, the officials noted: It is worth mentioning that other involved parties, such as municipalities, military and law enforcement agencies of the country, and affiliated cooperative foundations, sports federations, etc., despite the disclosure of financial information of some of the companies under the collection and numerous follow-ups of this organization, have not performed the aforementioned legal duties. ; Therefore, this organization has started using the prescribed legal capacities in order to implement the tasks of this law.