Regulatory Alerts2025-02-20
Resolutions of the Board of Iraqi Securities Commission at its Twelfth Session held on 14/11/2024
The Board of the Iraqi Securities Commission issued Regulatory Resolution No. 13 of 2024 to govern the exchange of listed shares for other listed shares. The regulation mandates that such transactions require a prior agreement, full ownership free of legal restrictions, and compliance with due diligence and anti-money laundering laws. It establishes specific approval thresholds, requiring market consent for exchanges up to 250 million shares and Commission approval for larger volumes, while prohibiting exchanges involving suspended securities.
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