IOSCO admits Iran as regular member

Iran has become a regular member of the International Organization of Securities Commissions (IOSCO), announced the chairman of Securities and Exchange Organization.

“After ten years of negotiations and following up with IOSCO and its authorities, Iran’s Securities and Exchange Organization has now become an ordinary member of the international organization,” Shapour Mohammadi said, IRNA reported.

He said the membership can be interpreted as the internationalization of Iran’s capital market, adding that it will boost attraction of foreign investments and ¿nance.

IOSCO brings together the world’s securities regulators and is recognized as the global standard setter for the securities sector.

The organization develops, implements and promotes adherence to internationally recognized standards for securities regulation. It works intensively with the G20 and the Financial Stability Board on the global regulatory reform agenda.

Established in 1983, IOSCO’S membership regulates more than 95 percent of the world’s securities markets in more than 115 jurisdictions. Securities regulators in emerging markets account for 75 percent of its ordinary membership.

According to IOSCO’S of¿cial website, each ordinary member of the organization is a member of the Presidents Committee and has one vote at meetings of that committee and any other committees to which it belongs.