User:SsEeOo99

Securities and Exchange Organization of Iran The Securities and Exchange Organization of Iran (SEO) is a publicly owned, nongovernmental and exclusive regulator of Iran capital market pursuant to The Securities Market Act of the Islamic Republic of Iran of  11/22/2005. A non-partisan five-membered board of directors governs the SEO. The Securities and Exchange Organization of Iran’s CEO is appointed by the Minister of Economic Affairs and Finance.

Overview
The SEO is responsible for providing an environment in which the investors feel protected and safe. These preconditions could be summarized into three main factors: education, market efficiency and applicable regulations and instructions. Knowledgeable investors in an efficient market with practical rules and regulations will feel protected and this is what the SEO makes efforts to achieve. The Codal System as a Comprehensive Database of All Listed Companies and CMR as Capital Market Regulations System are two main pillars that make Iran capital market’s skeleton and promote it.

1936

 * Feasibility study on capital market establishment

1960s

 * Ratifying Securities Market Act by the Iranian Parliament in May 1966
 * Official commencement of Tehran Stock Exchange (TSE) operations in April 1967
 * Arbitration Board Establishment

1970s

 * More listings on TSE, rising to 105 in 1975

1980s

 * Nullification of interest rates and end of conventional and non-Islamic bond trading
 * Sluggish phase of equity market as a consequence of eight years of the Iran-Iraq imposed war

1991

 * Introducing TEPIX as the main indicator of the TSE

1992

 * Membership of TSE in World Federation of Exchanges (WFE)

1994

 * Establishment of Tehran Securities Exchange Technology Management Company (TSETMC)

1997

 * Musharakah Sukuk Introduction

2003

 * Establishment of Tehran Metal Exchange (TME) as the first commodity exchange in Iran

2004

 * Establishment of the “Information Dissemination and Services Company (SIDSCO)
 * Establishment of Iran Agricultural Commodity Exchange (IACE),
 * Entrance of TSE into a growth phase

2005

 * Ratifying New Securities Market Act (SMA) of the Islamic Republic of Iran
 * Demutualization of capital market
 * Establishment of Securities and Exchange Organization (SEO)
 * Establishment of Central Securities Depository of Iran (CSDI)

2006

 * Announcement of the general privatization policies of Article 44 of the Constitution of Islamic Republic of Iran

2007

 * Introduction of “Comprehensive Database of All Listed Companies (CODAL)
 * Establishment of Iran Mercantile Exchange (IME) following the mergers of Tehran Metal Exchange and Iran Agricultural Commodity Exchange
 * International Exchange, Bank and Insurance Exhibition (FINEX)
 * Sharia Board Establishment

2008

 * Establishment of the Iran Fara Bourse Co. (IFB) as the second equity market in Iran
 * FINEX

2009

 * Ratifying the Law for Development of New Financial Instruments and Institutions (The Development Act)
 * FINEX
 * Islamic Capital Market Forum (ICM)
 * Introduction of Istisna Sukuk

2010

 * Inauguration of Online trading


 * Launching Iran Virtual Exchange (IRVEX)


 * FINEX
 * ICM

2011

 * FINEX
 * ICM
 * SEO’s Membership into IFSB
 * Murabaha Sukuk issuance
 * Ijarah Sukuk issuance
 * Salam transactions approval

2012

 * Establishment of Iran Energy Exchange (IRENEX) as the second commodity exchange in Iran
 * FINEX
 * ICM
 * SEO’s Membership into COMCEC
 * Introduction of Embedded Options

2013

 * FINEX
 * ICM

2014

 * TEDAN - a subsidiary of CODAL – launched
 * FINEX
 * ICM
 * Introduction of Islamic Treasury Notes (ITN)
 * Introduction of Commodity Deposit Certificates
 * Introduction of Capacity Obligation Securities

2015

 * ICM
 * Mortgage-backed Securities (MBS) issuance approval

2016

 * SEO's Associate Membership into IOSCO
 * SEO admission as a member of the Growth and Emerging Markets Committee by IOSCO
 * FINEX
 * ICM

2017

 * International conference “Iran Capital Market: Higher Diversity, Higher Return”
 * IOSCO Welcomed Iran,s Cybersecurity Proposal
 * Modification of the terms of the instruction on the establishment and operation of credit rating agencies
 * 1st League of Stars
 * Introducing Comprehensive Information Gathering System (SEJAM)
 * FINEX
 * ICM
 * Manfaah Sukuk issuance approval
 * Asset-backed Securities (ABS) issuance approval
 * 1st Press Festival

2018

 * Corporate governance regulation modified
 * 2nd League of Stars
 * SEO’s Ordinary Membership into IOSCO &becoming an MMOU signatory
 * FINEX
 * ICM
 * SEO’s Membership into International Forum for Investor Education (IFIE)
 * Reinsurance Securities issuance approval
 * 2nd Press Festival
 * Embedded Put Options transactions approval
 * Option Contracts Transactions approval
 * Introduction of Warrant
 * Futures Contracts Transactions approval
 * Introduction of Venture Capital, Crowd Funding, and Private Equity Funds
 * Introduction of Funds of Funds

2019

 * Establishment of Office for Whistleblowers
 * Confirmation of issuing equity-based Ijarah Sukuk based on “dominant principles”
 * Departmentalizing Issuers Affairs Division
 * Approval of issuing “Leasing Agency Sukuk”
 * 3rd International League of Stars
 * First Algorithmic Trading Competition
 * FINEX
 * ICM
 * Wakalah Sukuk issuance approval
 * Mudarabaha Sukuk issuance approval
 * 3rd Press Festival

SEO Management Team
The SEO’s management team has 5 members appointed by the Securities and Exchange High Council and their term lasts for 5 years. Currently the SEO’s management team is as follows:

Divisions
The SEO’s headquarters is located in Tehran and has eight main departments that include Department of Public Relations & International Affairs, Department of Research, Development & Islamic Studies, Department of Capital Market Cyber Security, Anti-Money Laundering Committee, Division for Supervision on Exchanges and Issuers, Division for Supervision on Financial Institutions, Division for Legal Affairs, and Division for Executive Affairs.

Related Legislation
It is worth noting that in addition to the Securities Market Act of the Islamic Republic of Iran of 11/22/2005, there are other relevant acts that make Iran capital market framework.
 * The Law for Development of New Financial Instruments and Institutions of 12/16/2009
 * The Law Amending the Anti-Money Laundering Act of 09/25/2018
 * The Law on the Issue of Participation Certificates (Musharakah Sukuk) of 09/21/1997
 * The Law on the Issue of Participation Certificates of 09/21/1997
 * The Law Governing the Regulation of a Part of the Rules for Facilitating the Renovation of the National Industries of 08/17/2003
 * The Anti-Money Laundering Act 01/22/2008

Membership in International Associations
The SEO is currently a member of IOSCO, IFSB, COMCEC, and IFIE.