The beginning of granting shares of tradable funds on the stock exchange to those born in 1401

According to Fars news agency, citing Shada, the Law on Family and Youth Protection was approved by the Islamic Council in October 1400, and in November of the same year, Article 29 of the Fifth Development Program Law was notified to all executive bodies for implementation.

According to this law, general and specialized duties have been determined for the devices. The Ministry of Economic Affairs and Finance is in charge of implementing Article 11 of the aforementioned law. Article 11 obligates the government to allocate 10 million rials worth of shares of exchange-traded funds to those born since the beginning of 1400.

This figure for 1401 is set at 15 million rials for each child born. For the following years, figures must be determined and provided credit in the budget law for 7 years.

Considering that in order to implement Article 11 of the above-mentioned law, it was necessary to prepare guidelines and approve it in the government, as soon as the law was promulgated, the Ministry of Economic Affairs and Finance, in cooperation with the Securities and Exchange Organization, started preparing the regulations.

With many back and forths and successive meetings, the regulations were prepared and after being brought up several times in the economic commission of the government board, it was finally approved on September 27, 1401 and announced in Mehr. As soon as the regulations were announced, due to the large number of beneficiaries specified in it, a coordination working group was formed between the executive bodies of the beneficiaries in order to speed up the implementation.

It is worth mentioning that this work is being done for the first time in the country, and in order to implement it, there is a need for cooperation between the institutions, including the Civil Registry Organization, the Securities and Exchange Organization, the Central Depository Company, the Information Technology Organization of Iran, the National Bank of Iran, the Post Bank, and the brokerage. National Bank and the Ministry of Economic Affairs and Finance.

Intensive meetings were held between the stakeholders in the Ministry of Economic Affairs and Finance and the e-Government Interactivity Working Group, and with the follow-ups and the cooperation of the Ministry of Communications and Information Technology, the platform was initially designed and implemented on a trial basis, and after the deficiencies were resolved, it was ready for public registration through The platform is the national window of smart government services.

Currently, it is possible to register those born in 1401, for those born in 1400, due to the passage of time, the necessary measures should be taken to secure credit so that the conditions for registration and allocation of shares are provided for this group, which will be announced as soon as the preparations and credit are secured. . According to the process specified in the regulation, Article 11, the Ministry of Economic Affairs and Finance provides the necessary resources.

The National Banks of Iran and Post Bank have been designated as the agent banks for depositing rials into the children’s accounts, the agency of the National Bank is responsible for the purchase of shares of exchange-traded funds, and the Securities and Exchange Organization has provided the list of exchange-traded investment funds to The form is regularly updated and finally the central depository company blocks these shares for new borns until the end of 22 years.

The interest of these bonds will also be deposited into the account and it is expected that by saving the annual interest of the allocated shares and their price growth at the end of 24 years, the person with a favorable initial capital will continue to operate in the stock market.

The registration steps for the parents born in 1401 include “login to the national window of smart government services at the address my.gov.ir”, “login through the mobile phone number of the child’s parents and receive a one-time code”, “view the dashboard section and enter the plan section” Encouraging childbearing”, “Viewing the information of children born in 1401”, “Selecting the child’s name and entering the date of birth”, “Sending information and displaying the child’s information”, “Selecting the operating bank and three items from the stock funds”, “Viewing the message of successful registration and waiting for confirmation.

The rest of the steps are carried out by the governing bodies and according to the Sajami code, and parents are obliged to obtain the Sajami code for their child.

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