Regulatory Alerts2024-12-19
Regulatory Bylaw No. 31 for the Listing, Deposit, and Trading of Government Bonds in Iraq
The Iraqi Securities Commission issued Bylaw No. 31 in 2022 to regulate the listing, deposit, and trading of government bonds in the Iraqi Securities Market. The regulation mandates that the Central Bank of Iraq submit listing applications with detailed issuance data, while the Depository Center handles bond verification, custody, and settlement procedures. It further establishes trading protocols, including weekly sessions, fee structures, and mandatory disclosure requirements for market transparency.
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