Regulatory Alerts2023-11-02
Iraqi Securities and Exchange Commission Regulations 2023: Instructions and Regulations for Listing, Depository, and Trading of Unlisted Company Shares
The Iraqi Securities and Exchange Commission issued the 2023 Regulations to govern the listing, depository, and trading of shares for unlisted joint-stock companies on the Iraqi Securities Market. The document establishes strict eligibility criteria for companies seeking admission to the designated platform, including legal compliance, shareholder disclosure, and financial reporting requirements. It further defines trading hours, settlement procedures, and ongoing obligations such as fee payments and the suspension of trading during general assembly meetings.
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