𝑊𝑜𝑟𝑙𝑑 𝐼𝑛𝑣𝑒𝑠𝑡𝑜𝑟 𝑊𝑒𝑒𝑘 2024 | 𝐃𝐚𝐲 𝟐: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐢𝐧𝐠 𝐂𝐒𝐃𝐈'𝐬 𝐌𝐢𝐫𝐚𝐚𝐬 𝐒𝐲𝐬𝐭𝐞𝐦
As part of International Organization of Securities Commissions - IOSCO's World Investor Week 2024, we are excited to introduce the first in our series highlighting key investor services. Today, we present the Miraas System—an innovative electronic platform that streamlines the transfer of Justice Shares from deceased shareholders to their rightful heirs. Launched at Kish INVEX 2023, Miraas addresses the long-standing challenge of managing inherited shares for over 15 million beneficiaries.
𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:
• Justice Shares Owners: 46 million individuals
• Deceased Shareholders: 3.7 million individuals
• Heirs (Beneficiaries): 15 million individuals
This service offers a swift, cost-free process through 6,000 branches of partner banks and brokerage offices, ensuring heirs can efficiently access their inherited shares. By utilizing CSDI’s e-KYC platform (Comprehensive Information Gathering System - CIGS), registered heirs can securely transfer shares without the complexities of traditional methods.
To start the process, the representative of the heirs—who must already be registered in CIGS—needs to log into the Integrated Portal for Capital Market Stakeholders (DDN), navigate to the relevant section, and enter the deceased’s national ID number and date of birth in the "Inquiry about filing time" section. Once the filing time is confirmed, the heir can visit any partner bank or brokerage office to complete the process.
After the case is filed, heirs can track its progress through the "Inquiry about the status of the case" section in the DDN.
The Miraas System has simplified and accelerated the division of equity shares, allowing heirs to receive their proportional shares with the necessary documentation, reducing the delays and complexities associated with previous methods.
With over 46 million investors already registered in CIGS, Miraas presents brokers and financial institutions with a valuable opportunity to enhance client satisfaction by streamlining the share transfer process.
Stay tuned as we continue to introduce more cutting-edge services throughout this week!
#WorldInvestorWeek #JusticeShares #CSDI #MiraasSystem #FinancialInclusion #IranCapitalMarket
VP, Business Development | Empowering Women to Empower Wealth | Honored to serve as the Head of Avantax Women's Advisor Forum
7moA true professional and better advocate for women in our profession.