In a letter to Securities and Exchange Organization (SEO) of Iran, the international organization announced that the country will be a member of the body as of March 29.

The letter also invited Iran to take part in the board meeting of IOSCO which is to be held in Lima, Peru, in May 2016.

Iran will be a member of the African-Middle East committee of the organization.

Iran’s membership in the organization will give the organization access to international markets and facilitates globalization of Iran’s investment markets.

Meanwhile, Iranian exchange organizations, including those for stocks, securities, commodities, energy and fara bourse, will also be able to join World Federation of Exchanges (WFE).

Chairman of Securities and Exchange Organization of Iran Mohammad Fetanat had already said that Iran’s membership status in International Organization of Securities Commissions (IOSCO) became final.

Fetanat said that Iran’s capital market, with longstanding activities in the field of stock exchange, is to become member of the IOSCO for the first time.

IOSCO is an association of organizations that regulate the world’s securities and future markets.