ICCIMA Starts Smoothing Single Window System
Building on the memorandum of understanding signed earlier with the Securities and Exchange Organization to expedite listing private companies, the Iran Chamber of Commerce, Industries, Mines and Agriculture said it is facilitating the first phase of the MoU.
In June a MoU was signed by private sector representatives and stock market authorities to create a ‘Single Window’ to facilitate the listing process.
The ICCIMA is in charge of designing and implementing the single window to address issues pertaining to financing private companies via the bousrse.
On Saturday the ICCIMA announced on its website that it has put into effect the first of phase of the plan by launching an online platform (rahsar.ir) to allow applicants to register information about their companies.
The ICCIMA is tasked with assessing the financial weight of companies under its supervision through the so-called single window and expedite the listing process.
The MoU was signed in a meeting of the so-called Government-Private Sector Dialogue Council attended by business leaders, government officials and lawmakers.
Signatories included CEOs of Tehran Stock Exchange, Iran Fara Bourse, Iranian Association of Certified Accountants and ICCIMA.
The SEO boss Hassan Qalibaf-Asl said the document would be effective in ease listing procedures.
To cut red tape and bureaucracy, he said, the SEO will no longer be involved in the listing process with the task being delegated to the TSE and IFB.
“As is known, the private sector was disappointed with cumbersome listing rules and procedures. This MoU will shorten and improve the listing process,” he was quoted as saying.
The government says it is committed to expanding the bourse by adding more companies to the market and boost the supply side to absorb the ballooning liquidity in the market.
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