The Central Bank of Iran announced regulations guiding the acquisition of stake in investment banks and market-making companies by banks and credit institutions.
The regulations allow banks to own shares in investment banks enabling them to play a bigger role in the struggling stock market, according to a rulebook published on the CBI’s website.
As per rules, banks are allowed to acquire shares in investment banks and market-making companies after receiving prior approval from the CBI.
The CBI’s permission is also needed in case banks and credit institutions transfer ownership of shares. Bank-affiliated investment banks are not allowed to acquire stocks of other institutional entities (other than those of banks and credit institutions) except for cases where the investment bank is
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June 07, 2021 at 04:44AM
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