Majlis Comm. Enacts Capital Market, Banking Legislation

The Majlis Joint Commission on Tuesday made major budget decisions related to banking and the capital market. The commission is a key group responsible for reviewing the March 2022-23 budget.
Imposing limits on bond purchases by the Central Bank of Iran, delineating conditions for bank borrowing from the CBI and changes to dividend payments by listed companies were among the issues discussed by the lawmakers, according to the commission’s spokesman Rahim Zare'e.  
The commission banned the CBI from buying bonds issued either by the government or state-owned companies in the primary market.