FEAS Yearbook FEAS Yearbook 2020 | Page 96

Iranian Institutional Investors Association

About Company

Established: 2008-02-04

Chairman of the Board: Jafar Rabiei

Address: Unit 12, NO.4 , Islamic Alley, South

Sohrevardi St, Tehran.

Contact person: Mr. Meisam Karrabi

Contact email: [email protected]

Website: www.en.iiia.ir

- Joined FEAS in 2020-

Dr. Saeed Eslami Bidgoli

Secretary General

Company Overview

In 2000, the Iranian Investment institutions established a non-govermental and non-profit organization called Iranian investment development institute.

This institute was active until February 2007, In December 2007 a considerable number main investment companies (98 companies) according to article 53 of the securities market low that obliged brokers, market managers, investors and other market activities to establish their own association-formed.

The association us founding board in 6th of February 2007, Stock Exchange and securities organization (SEO) Approved the Iranian institutional investors associacion under NO.22194.

Definition of Terms, Duration, Nationality and the Principal Office of Association:

1- All definitions provided in Article 1 of the Securities Market Act of the Islamic Republic of Iran enacted by Iranian Parliament (Majlis) in December 2005, are applicable in this section with the same concepts. Other terms are defined as follows:

1-1- The Securities Market Act: Defined as the Securities Market Act of the Islamic Republic of Iran enacted in December 2005 by Iranian Parliament.

1-2-The SEO: represents “The Stock Exchange Organization”.

1-3-The Association: represents “The Iranian Institutional Investors Association” which is founded and governed in accordance with the present Articles of Association.

2- The full name of the Association is “The Iranian Institutional Investors Association”.

3- The Association is organized as a self-regulatory, non-governmental, non-trading and non-profit organization and is a legal entity with financial

independence established according to Article 53 of the Securities Market Act based on “registration and formation of associations in the Securities Market” directive for an indefinite term and is considered to be an association as such defined in Section 5 of Article 1 of Securities Market Act.

3-1- The financial sources of the Association is supplied through the initial membership fees, annual fees, members deposits, donations, revenue from education courses and research activities, bank deposits interests, partnership and investment bonds or other sources.

3-2- The Association fiscal year begins in December 22nd (Day 1st in Jalali Calendar) of each year and ends in December 21st (Azar 30th in Jalali Calendar) of the next year. The first year of operation shall begin at the establishment date of the Association.

4- The Association is of Iranian nationality.

5- The principal office of Association is located in Tehran and, if necessary, moving the principal office of Association to any other cities in the country is possible only by the approval of the ordinary general meeting. Changing the address of the principal office in a certain city must be approved by the Board of Directors of the Association. The board of directors can establish or dissolve branch offices or agencies, either in Iran or aboard at any time.

6- Financial institutions listed in the SEO, including investment companies, holding companies, investment banks, investment funds (including pension funds) and other investment institutions are members of the association.

The Federation of Euro-Asian Stock Exchanges

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