Regulatory Alerts2025-09-09
Regulatory Bylaw No. 35 of 2025 for Financial Brokerage Companies Seeking Licensing from the Iraqi Capital Markets Authority for Trading in Foreign Securities and Commodities Markets
The Iraqi Capital Markets Authority issued Bylaw No. 35 of 2025 to regulate the licensing and operations of financial brokerage companies seeking authorization to trade in foreign securities and commodities markets. The regulation establishes strict capital adequacy requirements, ranging from 75 million to 1 billion Iraqi Dinars depending on the specific activity, and mandates rigorous compliance, risk management, and anti-money laundering frameworks. It further imposes detailed operational constraints, including prohibitions on omnibus accounts, margin lending, and unauthorized financial instruments, while ensuring client asset segregation and transparent contractual obligations.
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