SEO Says Working on Reforms

Iran's Securities and Exchange Organization (SEO) says it will strive to reform market regulations and procedures to address discrepancies and improve transparency to help attract investors to the sluggish market in the next Iranian year that begins on March 21.
SEO head, Majid Eshqi, on Monday elaborated on the organization's performance in the outgoing year and took questions from the press.
According to Eshqi, the plan to reform the stock market law has been finalized by the Mjlis Economic Commission. “Meetings have been held over the year with financial institutions to explore and share ideas. The bill will go to the chamber early next year,” SENA quoted him as saying.
The official noted that amendments to the Trade Law have also been proposed to enhance capital inflow and distribute profit to small investors. He did not elaborate.