...

Iran trying to ease foreign investment in capital market

Business Materials 6 December 2016 17:48 (UTC +04:00)

Tehran, Iran, December 6

By Mehdi Sepahvand, Khalid Kazimov – Trend:

Iranian financial authorities have taken measures aimed at developing infrastructure for attracting foreign investors to the country’s capital market.

The head of Securities and Exchange Organization of Iran, Shapour Mohammadi, has said that Iranian authorities have already adopted several international standards in the country’s capital market.

He made the remarks while addressing the 20th General Meeting of
Asia-Pacific Central Securities Depository Group (ACG) in Tehran, Trend's correspondent reported from the event.

According to the official, Iranian Securities and Exchange Organization has recently been admitted as a member of International Organization of Securities Commissions (IOSCO).

Elaborating on measures taken aimed at easing foreign investment in the country, he said that Iranian officials have also approved the Blue Model.

Most of Iranian brokerage firms lack enough capital to address the concerns of foreign investors regarding risk settlement in the country’s financial markets and the Blue Model is meant to remove the risk of foreign money being blocked in brokerage firms’ accounts in the country.

Tags:
Latest

Latest