Iran to Become IOSCO Member

Date: 02 April 2016 - 20:57

News ID: ۲۵۱۱۶

TEHRAN (FNA) - Head of Securities and Exchange Organization of Iran (SEO) Mohammad Fetanat announced on Saturday that his organization’s membership in International Organization of Securities Commissions (IOSCO) has been finalized.
"The preparatory works have been done to offer Iran’s application to IOSCO,” Fetanat told reporters.
He reiterated that the IOSCO has invited SEO to offer its membership, and said, "Iran’s capital market, with longstanding activities in the field of stock exchange, is to become member of the IOSCO for the first time.”
The International Organization of Securities Commissions (IOSCO) is an association of organizations that regulate the world’s securities and futures markets.
Members are typically the Securities Commission or the main financial regulator from each country. IOSCO has members from over 100 different countries, which regulate more than 95 percent of the world’s securities markets. The organization’s role is to assist its members to promote high standards of regulation and act as a forum for national regulators to cooperate with each other and other international organizations.
IOSCO is structured into a number of committees that meet several times per year at different locations around the world and it has a permanent secretariat based in Madrid.