Iran Fara Bourse to Launch OTC Market

Iran Fara Bourse, Tehran's junior equity exchange, is to set up an over-the-counter market for listing companies not eligible for listing on the IFB prime market, an official with the Securities and Exchange Organization (SEO) said. 
According to Maryam Safarian, head of the SEO research center, rules governing listing of companies and trading securities at the OTC market have been approved.
OTC market is principally designed for companies unable to meet the statutory requirements of the official securities market.