Iran Capital Market Dealing Exam study guide
Iran Capital Market Dealing Exam · Work through your exam, one topic at a time.
The Iran Capital Market Dealing Exam (آزمون گواهینامه حرفهای معاملهگری بازار سرمایه) is the professional certification that individuals must hold to act as a licensed dealer or brokerage representative in the Iranian capital market. It is aimed at candidates who will take client orders, quote and execute trades, and explain market instruments, so it tests applied knowledge rather than academic theory. The Iran Capital Market Dealing Exam study guide has 9 sections and about 3,116 words.
01Capital Market Law and Regulation
This domain tests the legal skeleton under every Iranian capital-market transaction: which body makes rules, which body supervises, what a licensed firm may and may not do, and how disclosure and enforcement work. Questions typically ask you to place an institution in the hierarchy or to name the instrument that governs a given activity.
398 words, about 2 min02Securities Market Structure and Participants
This domain tests whether you can map a transaction onto the right venue and the right intermediary. Expect questions on which market lists a given instrument, what each type of firm is legally allowed to do, and how a retail investor reaches the market.
364 words, about 2 min03Equity Securities: Shares, Rights Issues, and Corporate Actions
This domain tests the mechanics of share capital: how a company raises more of it, what existing holders are entitled to, and how prices and accounts adjust around dividends, bonus shares and rights. Numerical questions on theoretical ex-rights prices are common.
367 words, about 2 min04Fixed Income Instruments: Sukuk, Bonds, and Money Market Instruments
This domain tests whether you understand what backs each fixed-income instrument, where it trades, and how its return is calculated. Questions often require you to distinguish a project-based participatory bond from a sukuk, or to annualise a discount yield.
342 words, about 2 min05Collective Investment Schemes and Other Market Instruments
This domain tests how pooled vehicles are structured, who does what inside them, and how their units are valued and traded. Expect NAV calculations and questions that separate the manager's role from the custodian's.
335 words, about 2 min06Trading Mechanisms, Order Handling, and Market Operations
This domain tests the mechanics of order entry and execution on Iranian exchanges: the trading session, the order types available, the constraints imposed by price bands, and the conduct expected when handling client orders. Trading is electronic and order-driven.
339 words, about 2 min07Clearing, Settlement, and Post-Trade Operations
This domain tests what happens after the trade: who holds the securities, when obligations must be met, how counterparty risk is contained, and how corporate actions reach the right holder. Securities are dematerialised and held in book-entry accounts at the CSDI.
303 words, about 2 min08Professional Ethics and Market Conduct
This domain tests behaviour under pressure: what a licensed person may do with confidential information, how client and firm interests are separated, and which practices are treated as manipulation. Questions are scenario-based, so learn the principle and apply it.
319 words, about 2 min09Anti-Money Laundering and Know-Your-Customer Requirements
This domain tests the identification and reporting duties that sit on every licensed intermediary. Scenarios usually present an unusual client, an unusual funding route or an unusual trade pattern, and ask what the firm must do and to whom it reports.
349 words, about 2 min