Regulatory Alerts2023-01-15
Iraq Securities and Exchange Commission Regulations No. 6: Listing Requirements for Companies in the Securities Market
The Iraq Securities and Exchange Commission issued Regulation No. 6 in 2022 to establish mandatory conditions for companies seeking to list their shares on the Iraqi Securities Market. The regulation requires applicants to demonstrate a minimum two-year operational history, a shareholder base of at least 100 individuals, and consistent profitability over the preceding two fiscal years. Furthermore, it mandates the submission of audited financial statements, detailed corporate governance disclosures, and strict adherence to depositary and legal transfer protocols within a two-month approval window.
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