FEAS Yearbook FEAS Yearbook 2021 | Page 81

Established: 2005

CEO: Mr. Hossein Fahimi

Address: #13,Naderi Street, Italy Intersection,

Keshavarz Boulevard; Tehran, Iran;

1416643168

Contact Name: Mr. Siavash Azimi

Email: [email protected]

Website: en.csdiran.com/

Yearbook 2021

About Central Securities Depository of Iran

Project of the year

Iranian Institutional Investors Association

About Company

Established: 2008-02-04

Address: Unit 12, NO.4 , Islamic Alley, South

Sohrevardi St, Tehran.

Contact person: Meisam Karrabi

Contact email: [email protected]

Website: www.en.iiia.ir

- Joined FEAS in 2020-

Saeed Eslami Bidgoli

Secretary General

Subsequent to the dramatic fluctuations of 2020 within the Iranian capital market, 2021 unfolded as a time for developing the infrastructures and enhancing the general state of financial institutions, as well as resolving the issues – whether created, or simply discovered, during the Boom-Bust period.

The following were among the proceedings and projects of the Iranian Institutional Investors Association (IIIA) in 2021:

-producing related TV programs,

-establishing financial institutions’ service desks,

-launching thematic work groups,

-conducting applied research projects within the capital market.

There was an increase in the number of IIIA members in 2021, which amounted to 393 financial institutions by the end of the year.

The most significant challenge the IIIA had to address last year was to develop the financial education and, in turn, the overall financial literacy, as well as to investigate the major losses that the emerging financial institutions suffered following the 40% decline which, indeed, put some of them on the verge of bankruptcy.

Offering recommendations for modifications in some micro-infrastructures of the capital market, as well as in a number of rules and regulations, in order to rebuild trust and confidence within the market was another measure taken by IIIA.

The Iranian capital market is in development and self-regulatory organizations can see numerous opportunities ahead. The surge in the number of capital market investors (to more than 50 million individuals) and the number of financial institutions has instigated an increased need for the development of infrastructural technologies, even RegTech. Albeit not having accomplished every objective, the IIIA has learned many lessons and gained many experiences which will be considered in its plan for the upcoming year.

Year in review

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