This guide has been composed to serve the needs of prospective foreign investors who are willing to make an Indirect Investment (Foreign Portfolio Investment) in the Tehran Stock Exchange. To invest in the TSE listed securities and manage his/her own portfolio, foreign investor shall fully observe the Regulations on Paragraph C, Article 15 of the fourth Economic, Social, and Cultural Development Plan of the Islamic Republic of Iran (Annex.1) and also the following detailed steps.

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