Financial Data Processing Company
۱- Definition
Financial Data Processing Company is one of the financial institutions which fall under
paragraph 21 of article 1 of Security Market Act of Islamic Republic of Iran (2005).
Subject to approved constitution of such an entity, a Financial Data Processing Company
is legal entity which is collecting, processing financial data and selling them by issuing
via multimedia, board, electronic brochures, letter, or during speeches. Financial data
processing company sells the information of: security, the deal if securities, sell or buy
orders or the issuer, to other through adefined agreement to its clients.
۲- Purposes
According to the Regulations Governing the Establishment and Activity of the Financial
Data Processing Company and the sample of article, Financial Data Processing Company
shall be entitled to engage in any of the following activities provided that it is granted a
license/permit by the Securities and Exchange Organization (the SEO) for any of its areas of activity:
Upon receipt of the license for financial data processing, the company shall, as per rules,
be entitling to:
a) Main area of activities is as follows:
۱- Collect and process data and offer information to others or to issue it by
multimedia, board, electronic devices, letter, brochure or address;
۱-۱- information related to securities (including specifications and
characteristics of securities, specifications of issuer, specifications of
persons who are responsible in issuing securities’ process and name their
responsibilities and specifications of securities’ owner and their ownership);
۱-۲ the information of securities trading (including price, specification of
transactions parties, time and date of deal, and the amount of securities
which in traded)
۱-۳ the information of securities orders (bid or ask) (including type of
order, fees, time and date of order)
۱-۴ the information of issuer (including financial and other information)
۲- Collect and process other financial, economic and commercial data to
offer to investors, researchers and other persons or to issue them by other ways;
۳- Design, calculate and issue and selling different type of financial and
economical indices of Iran or other countries;
b) The secondary areas of activity are as follows:
۱- Upon receipt of the license for investment advisor, the company shall be
entitled to carry out the activities specified in the relevant rules.
۲- Upon receipt of the license for portfolio manager, the company shall be
entitled to carry out the activities specified in the relevant rules;
۳- Upon receipt of the license for offering or listing advisory services, the
company shall be entitled to carry out the activities specified in the relevant rules;
۴- The company shall, in line with the activities listed in this article and
within the context of the regulations of the present articles of association,
be authorized to receive loans (facilities) or acquire assets or make
investments or establish an independent legal entity or participate in the
founding of other legal entities or open banking letters of credit to engage
in imports and exports of goods and accomplish the relevant customs
formalities. Such actions shall only be authorized when they are essential to
be carried out in line with the company’s areas of activity and are not
prohibited by law.
۵- The Company shall be allowed to invest in securities with regard to the
limits set by the SEO.