What you should know
The Securities Board has included in its policies and programs the issue of distributing new stock exchange licenses for private sector investment, which is becoming very controversial and complicated.
The board has included the issue in the policy and program of the current financial year when there are voices in the federal parliament and parliamentary committees saying that the game of big commission for the license of the new stock exchange is going on. Despite so many controversies, it is confirmed that the board is determined to give up the license of the stock exchange.
"According to the prevailing laws related to securities and barter market, providing and renewing the license/registration certificate to conduct securities business including the securities market, barter market, central deposit service, securities dealer, securities broker, merchant banker, plan manager and depository, depository member, ASWA member, credit rating institution, specialized investment fund manager, collective investment fund supervisor, qualified institutional investors," is mentioned in the policy and program of the board.
The board also plans to approve the issuance of securities (IPO, FPO, rights, bonus), bond issuance, collective investment scheme, registration and issuance of specialized investment funds in accordance with the current law on securities.
Similarly, the board has also put forward a policy of approving the expansion of branches of securities brokers and appointing official representatives, and keeping records of the names of shareholders.
The board, which distributed a large number of broker licenses a year ago, has now started the policy of merger and acquisition of those brokers. According to the policy and program, it is mentioned in the policy and program, "To merge/merge organized organizations that have registered their securities according to the prevailing laws on securities, and to provide prior approval and final approval in relation to acquisition, "Convert the founder shares into ordinary shares according to the share structure recorded in the company registrar's office and re-register the shares." To increase the capacity of officials and employees in the
board, to participate in national and international training, seminars, training and observation programs, as well as for the moral development of the employees. The board also plans to conduct training, coaching and refresher programs.
The board claims that it is continuously trying to increase access to the public by making the securities market and barter market reliable, healthy, transparent, competitive and efficient. Overall, the main priorities put forward by the board for the development and expansion of the market in the current financial year are as follows:
