M.A. Thesis:

Legal challenges of foreign investment in the stock market of Iran

The legal status of foreign investment in Iranian law has gone through several stages. The restrictive and stricter regulations to the laws that were more favorable to foreign investors and ultimately the special attention paid to the foreign investment process are the characteristics that have been crystallized in each of the foreign investment laws and regulations. The capital market, as one of the many options for attracting foreign capital, has not been left out of the legislature's mind, though in the primary legal sources of foreign investment in general all economic sectors, including the capital market, include these rules. But in recent times, and after the Fourth Development Plan, this form of investment has been looked at in a more specialized way, but what makes it unfortunate is that in any era of legislation, part of the capital market or the capabilities It has been neglected, and despite the existence of specialized foreign investment regulation in the serum market I need to have the support and encouragement of foreign investment in the channel, he said. This has led to many corrupt sequences, including that, despite the important principle of maintaining market integrity and consistency, each segment of the capital market has been governed by a different will from the legislator, which may include, for example, the exclusionary rule (c). Article 15 of the Fourth Development Plan Act, as well as the Foreign Exchange Regulation on the Stock Exchange and the Off-Exchange Market, on the Iranian Commodity Exchange noted that all of these deficiencies together make it possible to utilize all possible foreign investment capacity in the capital market. Or the foreign investor due to the ambiguous situation and non-inclusion of the allocation rules It has become confused about specific areas, such as commodity exchanges, and thus is less inclined to invest its capital. Therefore, a thorough examination of all the legal sources of foreign investment in the capital market is necessary in terms of two mother laws: Foreign Investment Promotion and Securities Market Law and their detailed explanation in order to identify and remedy these deficiencies

Keywords: Stock Market, Securities, Foreign Investment, Legal Challenges