Iran Joins FEAS Executive Board

Iran’s Central Securities Depository announced it has joined the executive board of the Federation of European and Asian Stock Exchanges.

“CSDI plans to play a more active role in line with its policy of increased international interaction,” Mohammad Reza Mohseni, CSDI’s chief executive, told Boursepress on Tuesday.

Tehran Stock Exchange’s chief executive is also listed on the FEAS executive board.

CSDI handles the transfer and ownership of securities in Iran.

FEAS is a non-profit international organization connecting the main stock exchanges in Eastern Europe, the Middle East and Central Asia. Established in 1995 with 12 founding members, the organization’s reach has expanded to 33 members and 12 affiliates from 29 countries.

FEAS held its 21st annual meeting in the central Iranian city of Isfahan last year. Tehran Stock Exchange hosted the event for the third time on November 17-18. Representatives from nine member countries and two non-member countries, Syria and Oman, attended the event.

The meeting hosted officials from Armenia’s Armenian Stock Exchange and Central Depository of Armenia, Sarajevo Stock Exchange, Bulgarian Stock Exchange, Bucharest Stock Exchange, Kazakhstan Stock Exchange and Jordan’s Amman Stock Exchange and Securities Depository Center.

Representatives of Egypt’s Cairo & Alexandria Stock Exchange, Misr Clearing, Settlement and Central Depository, and Turkey’s Istanbul Stock Exchange, Takasbank and Central Registration Agency of Turkey also attended the event.