Regulatory Alerts2023-02-14
Regulatory Bylaw No. 6: Conditions and Requirements for Listing Companies in the Securities Market / The Main Market
The Iraqi Securities and Exchange Commission issued Bylaw No. 6 of 2022 to establish the mandatory conditions and requirements for companies seeking to list their shares on the Main Market of the Iraqi Securities Market. The regulation mandates specific operational history, minimum shareholder counts, audited financial statements, and profitability records, while requiring comprehensive disclosures regarding corporate governance, ownership, and legal compliance. Furthermore, it outlines procedural obligations for post-approval actions, including depositing shareholder registers, publishing financial data, and completing listing procedures within a strict two-month timeframe.
Share