Increasing and facilitating the speed of issuing licenses by the stock exchange organization – Tejaratnews
According to Tejarat News, Mehdi Yarbad said regarding the number of licenses provided by the Stock Exchange Organization: the financial institutions that are under the supervision of the Stock Exchange Organization are different; Currently, we have 25 investment advisory companies and five more companies are going through the process of obtaining a license for the relevant field.
The head of the Financial Institutions Service Department of the Stock Exchange Organization emphasized: So far, six financial information processing companies have been registered, and six other companies are in the process of receiving licenses in the same field, and three rating companies have also received licenses so far. .
In relation to the process of granting licenses by the stock exchange organization, Yarbad also stated: There is no restriction on the part of this organization for issuing licenses if they have the qualifications, and applicants should first read the instructions for the activity and establishment of the financial institution they are considering correctly, because, among other things, The important reasons for the delay in issuing licenses can be mentioned the lack of completion of documents and changes in the composition of the founders.
He added: After completing the file by the applicants, there are a series of inquiries, especially in the field of portfolio management, which is done by the stock exchange organization, and after calculating the points, if the person gets the required points, the results will be announced immediately.
In the end, the head of the Financial Institutions Service Department of the Stock Exchange Organization said: Institutions that get a license from this organization, if they do not comply with the conditions according to the instructions, they will be removed from the scope of registration with the organization.
Source: ISNA