Regulatory Alerts2023-11-02
Regulations for Listing, Depositing and Trading Shares of Unlisted Companies
The Iraqi Securities Commission issued these 2023 regulations to establish the legal framework for the listing, depositing, and trading of shares of unlisted joint-stock companies on the Iraqi Stock Exchange platform. The document mandates specific eligibility criteria, including incorporation under the 1997 Companies Law, submission of required financial and ownership documentation, and adherence to strict trading hours and settlement procedures. It further imposes ongoing compliance obligations on listed entities regarding fee payments, anti-money laundering laws, and the suspension of trading during general assembly meetings.
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