Two important resolutions of the Stock Exchange Organization to support the capital market – Tejaratnews

According to Tejarat News, the Stock Exchange Organization approved two important resolutions to support the capital market.

The Board of Directors of the Securities and Exchange Organization announced two important resolutions to support the capital market. The details of this resolution include the following:

1. Depositing 500 billion tomans to the capital market stabilization fund account to buy shares

2. Increasing the time to modify the portfolio of fixed income funds from three months to five months: According to this resolution, “fixed income investment funds” have five months instead of three months to increase the amount of stocks in their portfolio from 15 to 10 percent.

Before this, the Stock Exchange Organization’s Investment Fund Monitoring Center had announced in a notification about the amendment of the quorum for buying shares in “Fixed Income Funds”; Based on this, the mentioned funds were required to gradually and continuously comply with the mentioned regulations within a maximum of three months from the date of notification of this resolution. Now, two months have been added to the aforementioned three-month deadline, and fixed income investment funds have until September to implement this resolution.

Source: Senate