Iran to Accede to Full IOSCO Membership

Iran is set to become a regular member of the International Organization of Securities Commissions in the next five to six months, the chairman of Securities and Exchange Organization announced. The Islamic Republic joined IOSCO as observer member in April 2016. The upgrade in membership can be interpreted as the “internationalization of Iran’s capital market”, Shapour Mohammadi said, emphasizing that it will boost attraction of foreign investments and finance, ILNA reported. 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% of the world’s securities markets in more than 115 jurisdictions. Securities regulators in emerging markets account for 75% of its ordinary membership.