Regulatory Alerts2025-10-30
Membership Requirements for Iraqi Brokerage Companies on Abu Dhabi Securities Exchange (ADX) via TABADUL Platform
The Abu Dhabi Securities Exchange (ADX) establishes membership requirements for Iraqi brokerage firms seeking to trade on the TABADUL platform, mandating specific documentation including IOSCO membership, regulatory no-objection certificates, and proof of robust internal control and risk management systems. The application process requires detailed company, employee, and board information alongside a declaration acknowledging ADX's liability limitations and compliance with UAE laws regarding KYC, AML, and FATCA. Additionally, the document outlines procedures for collateral allocation, production user access, and the issuance of Investor Numbers for various entity types including individuals, companies, funds, and government bodies.
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