The 80th permit for basket management activity was issued – Tejaratnews
The Director of Supervision of Financial Institutions of the Stock Exchange Organization pointed out that this week the operating license of 4 other portfolio management companies was also issued and said: With this incident, the number of portfolio management companies in the capital market reached 80 companies.
According to Tejarat News, Mohsen Arabzadeh, director of supervision of financial institutions of the Securities and Exchange Organization, referring to the importance of facilitating the process of granting licenses for the establishment and operation of financial institutions, stated: In this week, the operating license of 4 other portfolio management companies was also issued, and the number of portfolio management companies It reached 80 companies, and 26 other financial institutions (including capital providing companies, investment consultants and financial information processing) also had a portfolio management license, so the number of financial institutions with a portfolio management license reached 106 companies.
He continued: In the first seven months of the year 1402, a total of 22 in-principle approvals and 11 licenses for the establishment of financial institutions were issued, most of which are related to the basket company. The number of portfolio companies is added.
The Director of Supervision of Financial Institutions of the Stock Exchange Organization said: In addition, in the first seven months of 1402, a total of 16 activity licenses were issued, including 11 portfolio management activity licenses, 3 investment advisor activity licenses and 2 financial information processing activity licenses.
Arabzadeh added: As the Securities and Exchange Organization has pursued the policy of facilitating licenses, it has also increased the depth of its supervision and investigations, especially regarding financial institutions with portfolio management licenses, and significant violations have been discovered by portfolio management companies. Is; In this regard, the license of two cart operators has been suspended for 2 years, and the rest of the mentioned violations are in the process of being investigated and issued a decision.
Source: Senate