Iran Capital Market


Securities and Exchange High Council

Securities and Exchange High Council is the highest ranking body of the securities market which shall be charged with the adoption of the macro-policies of such market.


Major Responsibilities:
    Make necessary decisions regarding developing ISM
    Oversee the appropriate implementation of Rules and Regulations set for ISM
   Oversee and approve planned financial instruments

Members of the Council:
   Minister of Economic Affairs and Finance
   Minister of Commerce
   Governor of the Central Bank of I.R.I
   Heads of the Iranian Chamber of Commerce, Industries and Mines and the Chamber of Cooperatives
   President of the Organization acting as the secretary of the Council and spokesman of the Organization
   Public prosecutor or his deputy
   one representative on behalf of the Associations
   Three financial experts solely from the private sector in consultation with the professional entities in the securities market as recommended by the Minister of Economic Affairs and Finance and approved by the Council of Ministers.
   One expert solely from the private sector as recommended by the concerned minister and approved by the Council of Ministers of each commodity exchange.

Securities and Exchange Organization (SEO)

Securities and Exchange Organization (SEO) is a public non-governmental entity with legal and financial independence which is the main regulatory body of Iran securities market.
Securities and Exchange Organization has been committed to foster development of securities market in terms of protecting investors, promoting fair, orderly and efficient markets and facilitating capital formation. SEO has been striving to bolster an environment so that investors could make better decisions and to prevent any kind of fraud and abuse in the markets.

Major Responsibilities:
Precise preparation of practical rules and regulations in ISM
Make applicable suggestions to Iran Securities Council regarding deployment of new financial instruments in ISM
Make appropriate recommendations to Iran Securities Council concerning issuance, suspension, and revocation of those licenses in ISM that should be approved by Iran Security Council.
Regularly check the possibility of disclosing any confidential information by companies that are registered in SEO

Central Securities Depository of Iran (CSDI)

Central Securities Depository of Iran is the sole registrar, central custodian and clearing house for the Iranian financial market of four exchanges providing means for issuance, guarantees, settlement, and governance of various financial instruments from equity and ETF to Islamic securities like Sukuk and energy products based contracts and electricity.
CSDI is also the official data provider, the official counterparty to jurisdiction, and it serves as a gateway and platform provider for the international investors. Responsible for taking care of post-trade-related tasks.

Tehran Stock Exchange (TSE)

Tehran Stock Exchange opened in February 1967 is an exciting and growing marketplace where individual and institutional investors’ trade securities of over 420 companies.
Major Responsibilities:
Make necessary decisions regarding developing ISM
Oversee the appropriate implementation of Rules and Regulations set for ISM
Oversee and approve planned financial instruments
Trading hours:
8:30 a.m. To 9:00 a.m. Premarket
9:00 a.m. To 12:30 p.m. Trading
Settlement: T+3

Industries Distribution in the Market(31october2015)

1

Iran Fara Bourse (IFB)

Iran Fara Bourse Co. founded in 2009 is the first Iranian OTC market which is engaged in financing of manufacturing and service companies by easing the process of listing of different securities. So, its major characteristic would be the easy process of listing and trading of securities.
IFB comprises of four markets and the following financial instruments are traded in the markets:
1. Shares of public joint stock companies,
2. Preemptive rights of public joint stock companies,
3. Bearer shares of public joint stock companies,
4. Shares of capital increase in public joint stock companies,
5. Depository receipts,
6. Sukuk,
7. Units of ETFs and Real–Estate Funds
Trading hours:
8:30 a.m. To 9:00 a.m. Premarket
9:00 a.m. To 12:30 p.m.
Settlement: T+3

Industries Distribution in the Market (31october2015)

2

Iran Mercantile Exchange (IME)

Iran Mercantile Exchange was established on September 20, 2000. The exchange consists of domestic and international rings and the following products and commodities are traded in the market:
– Industrial Products and Commodities: The ferrous and nonferrous metals such as Steel, Copper, Aluminum, Zinc and lead
– Gold: Gold Bullions
– Oil Products and Petrochemicals: Products such as Bitumen, Base oil, PP, PE, LDPE, LLDPE, Aromatics.
– Agricultural: agricultural products like wheat, feed barley, yellow corn, maize, soybean and sugar.
– Gold Coin Futures

Iran Energy Exchange (IRENEX)

Iran Energy Exchange founded in 2011 and comprises of physical, derivative, and secondary markets. Electricity, oil, gas and other energy carriers are traded in domestic and international rings of the above mentioned markets. Also energy products based contracts are traded in the exchange.