Regulatory Alerts2020-08-27
Interim Law on Securities Markets No. 74 of 2004
The Coalition Provisional Authority promulgated this interim law to establish the Iraq Stock Exchange and the Iraq Securities and Exchange Commission, replacing the former Baghdad Stock Exchange. The legislation defines securities markets, mandates licensing for brokers and exchanges, and imposes strict listing, disclosure, and financial reporting requirements on companies to ensure market transparency and investor protection. It further outlines the organizational structure of the new exchange, the qualifications for brokers, and the regulatory oversight mechanisms administered by the Commission.
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