EghtesadOnline: Rouhollah Hosseini Moqaddam was appointed as a new member of the Securities and Exchange High Council.
Hosseini Moqaddam joined the council as one of the three financial experts, according to Securities and Exchange News Agency.
The appointment was proposed by the Economy Ministry and approved by the Cabinet on August 7.
As per rules governing Iran’s stock market, members of the high council must include three financial experts, selected exclusively from the private sector, according to Financial Tribune.
After consulting professional stock market bodies, the economy minister proposes the members to the government and the Cabinet make the final decision.
Members are appointed for 5-year terms.
As regulator in charge of macro policies, the council is the top decision-making body for stock market regulations.
The council was formed with the mandate to protect the rights of capital market investors and develop a transparent, fair and efficient securities market.
The council comprises senior trade and monetary officials including the governor of the Central Bank of Iran, the economy minister, head of Iranian Chamber of Commerce, Industries, and Mines and Agriculture, head of Securities and Exchange Organization, and the prosecutor general or his deputy.
Hosseini Moqaddam has been working with Tehran Stock Exchange since 2004 and is active in regional markets and the TSE’s R&D wing.
He succeeded Qassem Mohseni, a university lecturer and financial advisor.