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SEO to Introduce the 9th Financial Institution under Supervisiton

Dr. Fetanat, the chairman of the SEO, officially announced the commencement of the 9th financial institution under supervision of the SEO.

Dr. Mohammad Fetanat, the Chairman of the Securities and Exchange Organization of Iran (SEO), officially announced the commencement of the 9th financial institution under supervision of the SEO. He stated that with rating agencies to start to function in the Iranian capital market, in this market we will witness a tangible boost both nationwide and worldwide.

Rating agencies are one of the institutions under supervision of the SEO pursuant to Article 21 of the Securities Market Act. Needless to say that rating agencies assess the risk of economic firms, notifying to investors.

“Natural and legal persons both domestically and internationally who intend to register rating agencies in Iran shall apply to the SEO to obtain the necessary license”, he concluded.