TEHRAN, Dec. 08 (Press Shia) – With the majority of votes at the election for the Executive Committee of the Asia-Pacific Central Securities Depository Group (ACG), the Central Securities Depository of Iran (CSDI) joins the three-member elected body.
At the election for the Executive Committee members of the Asia-Pacific Central Securities Depository Group (ACG), the Central Securities Depository of Iran (CSDI) was elected as a member of Executive Committee for a three-year term for the first time since the establishment of the group in November 1997.
The election was held during the 20th General Meeting of the Asian-Pacific CSD Group (ACG20) currently being held in Tehran. The ACG20 with the theme of “Need for Further Collaboration of CSDs in the Evolving Business Environment” opened in Tehran on December 5 and will wrap up on Friday, December 9.
Wining 20 yes votes at the general meeting, Iran’ CSD joins Central Depository Services of India and Taiwan’s Depository & Clearing Corporation (TDCC) as the three elected members of the Executive Committee.
Membership in five important bodies including Fedaration of Euro-Asian Stock Exchanges (FEAS), Asian-Pacific CSD Group (ACG), exchanges of member countries of OIC, Asian Fund Standardization Forum (AFSF), and Interexchange Electronic Union (IEU) are among CSDI’s international memberships. Signing some MoUs with Takas Bank of Turkey, The Central Registry Agency of Turkey (MKK), Central Depository Company of Pakistan (CDCPL), CSD of Indonesia (KPEI), Muscat Clearing & Depository of Oman (MCD), National Clearing Company of Pakistan Limited (NCCPL), China Securities Depository (CSDC), National Securities Depository Limited of India (NSDL), and Athex Group of Greece are also some of the major international agenda of the event.