The Transnational Dimensions of the Brokerage Company's Activity in the legal system of Iran

After the Iran's capital market in accordance with the Securities Exchange Act of 1966, the financial institutions were introduced as new financial intermediaries to the financial market. One of these financial institutions is brokerage firms that are expected to perform intermediary transactions in securities transactions. With the passage of the securities market law in December 2005, the capital market, its activists, including financial institutions, accepted wide-ranging changes and a new legal system governing their relations. The legal clarification of the brokerage activity as the gateway to the capital market and its legal requirements in the capital market of Iran is of great importance in both internal and international dimensions. This paper deals with the analytical-descriptive method. What has so far been considered by researchers and research has been the examination of the internal dimension of the activities of brokerage firms and the external dimension of these activities has not been adequately addressed. It should be noted that although the internal activities of the brokers are more extensive, this does not mean that the activities of foreign brokers are impossible or even impossible for foreign brokerage firms to operate in the Iranian capital market. It is also necessary to examine the various assumptions of the dimensions of transnational activities and the contractual relations of the brokers, which have an external element (parties, place of contract, place of execution of the contract), as well as the role of the parties in determining the law governing the contracts of brokerage firms.