Securities Regulator: Number of Supervised Financial Institutions Up 16% in Two Years

According to a research report by Iran's Securities and Exchange Organization (SEO), published by Boursenews, the number of financial institutions under the regulator's supervision rose 16 percent over two years of the 14th government's term, from 1,123 to 1,304. The report also found investment funds grew 20 percent (471 to 567) and listed issuers grew 7 percent (778 to 831). Total investment fund assets roughly 3.4x'd, rising from 997,000 billion rials to 3,396,000 billion rials; commodity funds (gold and silver) posted the largest gain, up 1,353 percent.