TSE can buy 20 percent of the shares of the first OTC Corporation

Monday, 17 March 2008

Securities and Exchange High Council as the highest supervisory authority in tIranian capital market issues the permission for launching the first OTC market. According to this permission, OTC market should be established as a corporation and Institutional Investors such as banks, holdings, and financial intermediaries can participate in the establishment. Natural investors and Tehran Stock Exchange each one can hold 20 percent of the shares of OTC Corporation.