Central Securities Depository of Iran has been elected as one of the three Executive Committee Members of the Asia-Pacific Central Securities Depository Group with Majority of Votes.
Central Securities Depository of Iran (CSDI) has been elected as one of the three Executive Committee members of the Asia-Pacific Central Securities Depository Group (ACG) with majority of votes for a three-year term. The voting took place as part of the 20th ACG General Meeting in December 2016, at Tehran Espinas Palace Hotel.
CSD Iran won 20 votes in favor along with Taiwan Depository & Clearing Corporation (TDCC) to join the committee with highest number of votes, followed by India Central Depository Services Limited (NSDL.)
Later in the day, CEO of Central Depository Company of Pakistan, Mr. Muhammad Hanif was re-elected as the Chairman of the ACG Executive Committee.
This was the first time the chairmanship of the ACG Executive Committee as well as the three members to it were selected via election since the Group was established in 1997.
Asia-Pacific Central Securities Depository Group (ACG) is a specialized body that consists of 34 CSDs representing 23 countries in the region. ACG is also one of the five members of the World Forum of CSDs (WFC,) which is the global body of Depositories, representing all the five continents.
Central Securities Depository of Iran (CSDI) also enjoys membership in five other important bodies including Federation of European and Asian Stock Exchanges (FEAS,) Exchanges of OIC member states, Asian Fund Standardization Forum (AFSF,) Inter-exchange Electronic Union (IEU) and Chief Information Security Officer Forum (CISO.)
The ACG-20 General Meeting took place in Tehran with the theme of "Need for Further Collaboration of CSDs in the Evolving Business Environment" December 5-9, 2016.
Release Date: 1/7/2017