Will the car return to the commodity exchange? – Tejarat News
The director of stock exchange supervision of the stock exchange organization said about this some time ago: According to the negotiations with one of the car manufacturers, the re-supply of passenger cars in the commodity exchange can be implemented again after a break of several months.
Amir Mehdi Sabai, director of stock market supervision of the Stock Exchange and Securities Organization, stated: Based on the provisions of the latest resolution of the Supreme Council of Stock Exchange and Securities regarding the supply of cars, we are currently accepting requests for the supply of cars by suppliers in the stock exchange.
He clarified: The stock exchange organization is based on the approval of the highest pillar of the capital market (Supreme Council of the Stock Exchange), which was passed with the aim of protecting the rights of investors. There is no obstacle to selling cars on the stock market, and if major car manufacturers stop selling on the stock market, it is only because of their own decision, and there is no obstacle or problem in this regard from the stock exchange organization.
The director of stock exchange supervision of the stock exchange organization stated: In this regard, according to the negotiations with one of the car manufacturers, the re-supply of passenger cars in the commodity exchange can be implemented again after a break of several months.
Sabai clarified: The managers of other publishers, especially in the automotive industry, as the defenders of their shareholders’ rights, are advised to take more serious actions in the field of dealing with mandated pricing and not to simply implement approvals that have no expert basis and do not guarantee the benefit of the shareholders.
The Competition Council is against the sale of cars in the stock market
But after these statements, the Competition Council, in response to the sale of a car manufacturer’s products on the commodity exchange, considered this action a violation and announced that it should be stopped.
In this announcement, the Competition Council, based on its task, which is specified in the Law on the Implementation of General Policies, Article 44 of the Constitution, approved the guidelines for regulating the passenger car market in the 543rd session dated 11/11/1401, which is based on Article (2) This directive was recognized as a monopoly passenger car market and based on paragraph 5 of article (5), it has predicted the supply of cars through the integrated car sales system. Due to the mandatoryness of the aforementioned resolution of the Competition Council, any action contrary to this instruction is considered a violation. Considering that relative stability has been established in this market in the current situation, any action contrary to the guidelines approved by this council will lead to disruption in the market and anxiety of public opinion. Therefore, according to the announcement of the recent release of some automobile products in the commodity exchange, the mentioned procedure should be stopped.
Now we have to see if the car will be sold in the stock market or not?
Source: ISNA