The new policy of the SEO regarding the licensing of financial institutions is “to remove monopolies and development”. Therefore, investors of financial institutions may obtain relevant licenses smoothly and timely.
Dr. Majid Eshghi, the SEO Chairman said that the “Licensing Committees” are currently reviewing applications, while the Board of Directors reached the principal agreement to set up a new brokerage company.
The SEO Chairman stressed the precise and careful supervision and observation over the Directives regarding issuing licenses for all financial institutions.
“Minimum requirements such as work experience in the industry, financial ability, and relative education will be considered to obtain licenses”, Dr. Eshghi remarked
Source: Securities & Exchange Organization
