According to Tejaratnews, the ruling of the board of directors of the stock exchanges to investigate the disciplinary violations of the shareholders was announced and annulled by the Court of Administrative Justice, outside the limits of its authority and contrary to Article 35 of the Market Law.
Tasnim According to Article 35 of the Securities Market Law approved in 1984, the Board of Directors of the Stock Exchange is subject to disciplinary violations by brokers, brokers / traders, market managers, publishers and other members of any of the provisions of this law and regulations. The relevant shall be dealt with in accordance with the disciplinary regulations.
Despite the ruling provided in this article, based on paragraph 6 of Article 1 of the Instruction on Investigating Capital Market Violations, approved by the Board of Directors of the Exchange Organization in October 1998 with subsequent amendments in August and October 1999, shareholders are also one of the examples of Article 35 of the law. They are securities markets and their disciplinary violations are investigated by the board of directors of the stock exchange.
The application of the above ruling, except in cases where the broker / trader trades securities in his name and account in accordance with paragraph 14 of Article 1 of the Market Law, is outside the scope of authority and contrary to Article 35 of the Securities Market Law approved in 1984. Paragraph 1 of Article 12 and Article 88 of the Law on the Organization and Procedure of the Court of Administrative Justice, approved in 1992, shall be repealed.