Dr. Meysam Fadaei Vahed, Supervisor of Financial Institutions of the Exchange and Securities Organization, explained the mechanisms of financial institutions supervision.
He went on to say that the exchange organization has 5 supervisory bodies:

Stock Exchanges
Central Depository
 Financial Institutions
Associations
 Other Companies such as Tehran Stock Exchange Technology Management
Then he stated a financial institution means financial institutions active in the securities market, such as brokerages.

Types of financial institutions:

Investment companies
Holdings - Capital Market Services Group
Financing companies
Portfolio management companies
Financial information processing companies
Ranking institutions
Investment funds
Brokerage companies

Regarding the Investment funds, Dr. Fadaei Vahed said they are divided into two categories:

1. Investment funds in financial assets
2. Investment funds in physical assets such as real estate, land and buildings
3. Venture Capital Funds with the aim of financing startups, which was established in 2017
4. Gold-based Commodity Certificate Deposit Funds, launched in 2020.

Duties and the legal authority of the organization in relation to financial institutions:

Issuance of suspension and revocation of licenses for the establishment of associations and financial institutions and approval of the statute of stock exchanges, associations and financial institutions are among the duties and jurisdiction of the board of directors of the exchange organization.

Establishment of stock exchanges, OTC markets and financial institutions is subject to registration in the organization. Their activities are carried out under the supervision of the organization.
The professional competence of the members of the board of directors and managers, the minimum capital, the subject of activity in the statute of association, the way of special audit reports of financial institutions must be approved by the organization.

Determining the conditions and criteria of professional competence of managers of financial institutions, self-regulatory organizations and issuers of securities and how to disqualify them(Article 13)
The members of the board of directors, the managing director and all legal entities are obliged to register their financial institution activities in the Exchange Organization.

In addition to disciplinary measures, a fine between 10 to 1000 million rials from financial institutions, self-regulatory organizations, issuers and managers is received in case of violation of laws.

Mechanisms for supervising financial institutions are as follows:

Case visit
 Receiving periodic reports
 Using special monitoring software
 Employing trustworthy auditors of associations