Iran Corporate Governance Regulations Amended

Securities and Exchange Organization's deputy for supervision on exchanges and issuers, Hassan Amiri, recently announced the finalization of a modified version of corporate governance regulations and their notification to issuers in Tehran Stock Exchange and Iran Fara Bourse. 
The Securities and Exchange Organization of Iran first introduced the regulations in 2012, but their scope was limited and practitioners argued that technically, they had a long way to go to conform to international common practices.
The modified version is in line with articles 8, 11 and 18 of Securities Market Act, which stipulates that SEO shall take measures to protect investors’ rights and ensure material information disclosure. The regulations come into force as of July 2019.