Regulatory Alerts2026-04-26
Regulatory Bylaw No. 17 (Custodian) Amended for 2025
The Iraqi Securities and Exchange Commission issued the amended Regulatory Bylaw No. 17 to establish the licensing framework, operational requirements, and obligations for custodian entities. The regulation mandates strict eligibility criteria, including capital adequacy and independent management structures, while defining specific custodial services and fiduciary duties. It further outlines prohibitions on information disclosure, procedures for license suspension or revocation, and applicable penalties for regulatory non-compliance.
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