Regulatory Alerts2022-06-20
Interim Securities Markets Law No. 74
The Coalition Provisional Authority issued Interim Securities Markets Law No. 74 to establish the Iraqi Securities and Stock Exchange as a self-regulating, non-profit legal entity replacing the defunct Baghdad Stock Exchange. The legislation defines the regulatory framework for securities trading, mandates strict licensing and operational standards for brokers, and imposes rigorous financial disclosure and auditing requirements on listed companies. It further outlines the governance structure of the Exchange's Board of Governors and establishes the Iraqi Securities and Exchange Authority to oversee market integrity and investor protection.
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