What is Kodal and what is its use?
Kodal is actually an abbreviation of the English term Comprehensive Database Of All Listed Companies, which means a comprehensive database of accepted companies (listed on the stock exchange). This system is actually an electronic system that was set up by adapting the information systems of other stock exchanges in the world.
A system for more accurate analysis
As you know, one of the suitable markets for investment is the stock market. Investing in this market requires information as well as macro and micro level analysis of the companies traded on the stock exchange. One of the tools that can help gather information and awareness about the status and activities of companies admitted to the stock exchange is a system called Kodal, which we will explain more about in the following.
Iran Stock Exchange Organization, like many capital markets and stock exchanges in the world, has created an online system or portal to protect the rights of stock market investors based on the legal provisions of the Islamic Republic of Iran Securities Market (approved in December 2004). .
Protecting the rights of investors
The purpose of establishing and launching the Kodal system is to organize, maintain and publish electronic financial information and information related to shares (reports, meetings, etc.) of companies registered in the stock exchange. According to Article 2 of the Securities Market Law of the Islamic Republic of Iran (approved in December 2006), the “Securities and Exchange Organization” in order to protect the rights of investors and with the aim of organizing, maintaining and developing a transparent, fair and efficient securities market and in order to monitor the good implementation According to the law and according to Article 7 of the same law, it is the responsibility of the board of directors to take the necessary measures to prevent violations in the securities market and to monitor the disclosure of important information by companies registered with the “Organization”.
In this regard, the integrated system for collecting, monitoring and publishing electronic information at codal.ir has been designed in order to mechanize the collection, review and publication of financial information of companies registered with the organization and other persons who are required to report their information according to the securities market law. .
The main processes of the system are:
Preparation and filing of reports by publishers
Receiving and accepting reports by the system
Save and retrieve received reports
Analysis and monitoring of reports by organization experts
Dissemination of information to the public
The main goals of designing and using this system are:
Expediting the provision of securities issuers’ information and its public disclosure
Creating a mechanism to facilitate the process of preparing and disclosing information
Creating optimal and appropriate reporting mechanisms based on global principles for capital market actors
Providing users with easy access to notifications
Providing the possibility of more effective monitoring of the way of presenting and disclosing information
Increasing the transparency of information by reducing the time period of preparation until the release of information and increasing the accuracy of calculations and controls
Increasing the coordination of intra-organizational and extra-organizational units and improving the level of information
Mehdi Koh Soltani (financial services, accounting, financial and tax consultant):
Link to the audit accounting clinic
https://telegram.me/joinchat/BnzBsTuioTuSPky30-nUbg