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The SEO announced the issuance of licenses for the establishment of 22 “Portfolio Management” and 2 “Investment Consulting” companies this year (ends March 20, 2021).

Tehran, January.31 (SENA) - According to the Securities Market Law and its executive regulations, those legal entities whose their subject of activity is “financial institution” are obliged to register within the SEO; refusing to do so is considered a violation.

It is worth mentioning that in recent years, financial institutions have played an important role in the capital market, and this has led to a significant increase in the demand for licenses of financial institutions.

Currently, 57 portfolio management licenses have been issued. The process of issuing new licenses is carried out carefully. Applicants who failed to submit complete documents and have not met the necessary conditions will not be able to obtain an activity license. Therefore, applicants are advised to refer to the database of rules and regulations of the SEO at: www.cmr.seo.ir to be aware of the relevant laws and regulations in the field of financial institutions. Furthermore, the SEO official website: www.seo.ir is available for applicants to receive the latest announcements, necessary documents and other items.

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