Regulatory Alerts2023-02-14
Regulatory Authority for Securities Regulations No. 18: Code of Professional Conduct
The Iraqi Securities Authority issued Regulatory No. 18 to establish a mandatory Code of Professional Conduct for licensed securities brokerage firms, their intermediaries, and employees. The regulation prohibits market manipulation, insider trading, and front-running while enforcing strict obligations regarding client asset protection, conflict of interest management, and anti-money laundering compliance. Violations of these ethical standards and operational rules subject the members and staff to professional and disciplinary liability.
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