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Modification of the regulations on rating agencies establishment and extending the deadline

The Board of Directors of the SEO modified the terms of the instruction on the establishment and operation of credit rating agencies and set a new deadline for applicants to establish these institutions rating agencies in Iran.

The Board of Directors of the SEO modified the terms of the instruction on the establishment and operation of credit rating agencies and set a new deadline for applicants to establish these institutions rating agencies in Iran.
In accordance with the resolution of the Board of Directors of the SEO, all the applicants willing to establish rating agencies shall submit their requests to the SEO by October 28, 2017.
According to the new approval, the partnership of  banks, financial and credit institutions licensed by the Central Bank of the Islamic Republic of Iran is allowed only indirectly and up to 10% of shareholding in these agencies.