Urgent resolutions of the stock exchange organization to support the capital market
The Board of Directors of the Securities and Exchange Organization approved two important resolutions to support the capital market.
Accordingly, the stock exchange organization will implement these two important resolutions to support the capital market.
1. Deposit 500 billion tomans to the capital market stabilization fund account for purchase
stock
2. Increasing the time to modify the portfolio of fixed income funds from three months to five months: According to this resolution, investment funds with fixed income have five months instead of three months to change 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 that the quorum for the purchase of shares in fixed income funds had been revised; 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.
As announced on the 5th of May, the quorum for buying shares, preemptive rights, investment units in investment funds and commodity deposit certificates in fixed income investment funds reached 10%.
This post is written by shadmanamini