Regulatory Alerts2025-09-09
Regulatory By-law No. (35) of 2025 for Financial Intermediation Companies Seeking License from the Securities Commission to Trade in Foreign Securities and Commodities Markets
The Iraqi Securities Commission issued Regulatory By-law No. 35 of 2025 to establish the licensing framework for financial intermediation companies wishing to trade in foreign securities and commodities markets. The regulation mandates strict capital adequacy requirements, defines prohibited activities such as omnibus accounts and stock lending, and enforces rigorous compliance, risk management, and anti-money laundering standards. It further stipulates operational protocols including the segregation of client funds, mandatory use of custodians, and specific advertising disclosures to protect investors.
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