Requirements for Licensing Foreign Brokerage Firms to Trade on the Iraq Stock Exchange via the Tabadul Platform

Requirements for Licensing Foreign Brokerage Firms to Trade on the Iraq Stock Exchange via the Tabadul Platform

In order for foreign brokerage firms to obtain a license to join the Tabadul platform and trade on the Iraq Stock Exchange, the following requirements must be met:

1. Completion of the Foreign Brokerage Firm Entry Form according to the attached form link.
2. A copy of the license to practice brokerage activity granted to the foreign brokerage firm in its home country.
3. A no-objection certificate issued by the supervisory authority in its home country, as required by applicable laws.
4. A copy of the contract concluded between the foreign brokerage firm and the clearing bank in the country.
5. A copy of the company's establishment contract and organizational structure.
6. A request to obtain an investor number from the Depository Center at the Iraq Stock Exchange according to the attached form link.
7. Details of authorized persons for using the trading and deposit system according to the attached form link.
8. A commitment by the company to take all necessary measures to protect customer data and their trading transactions, and to provide a cybersecurity system.
9. The foreign company is obligated to provide evidence of the company's operational risk management.
10. The ratio of net equity to capital for the brokerage firm must not be less than 100% of the capital.
11. Acknowledgment of commitment to Legislative Order No. (74) of 2004 and the regulatory bylaws issued pursuant to it.
12. A commitment to the accuracy of the information and data submitted for the license before the Securities Commission.

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Trading for a Foreign Brokerage Firm

GENERAL INFORMATION

Applicant Information:
Company Name:
Address:
P.O. Box:
Phone:
Fax:
Email & Website:
Number of User Requested:
Country of Incorporation:
Name of the Home Regulator:
Country of Jurisdiction of Home Regulator: The Home Regulator is a member of the International Organization of Securities Commissions (IOSCO)? ☐ Yes ☐ No

Legal form of Applicant:
☐ Subsidiary of a foreign Bank
☐ Joint Stock Company incorporated in foreign country ☐ Subsidiary of a foreign company that is engaged in financial services business ☐ Subsidiary of a foreign financial institution ☐ Others (specify)

Contact Details:
Name of key person:
Job Position:
Address:
P.O. Box:
Phone:
Fax:
Email:

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EMPLOYEE INFORMATION

Job title	Name	Nationality	Contact Numbers
General Manager
Trading Manager
Operation Manger
Compliance Manager
Finance Manager

BROKER TRADERS

Name	Nationality	Contact Numbers

BOARD OF DIRECTORS DETAILS

Name	Job title	Ownership	Nationality

LIST OF AUTHORIZED NAME

Name	Job title	Telephone No	Signature

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DECLARATION & ACKNOWLEDGEMENT

1. We, the undersigned, hereby acknowledge that all information provided and all documents in this application and attached thereto are accurate and correct.
2. We also undertake to disclose to Iraq Exchange any information about the Company or its customers upon request and any changes in the Company's organizational or financial status or any decisions taken by the Company in the parent country or any country in which it operates.
3. We undertake to take care and maintain the confidentiality of information and data when practicing activity in the State and abide by the provisions of laws, regulations, decisions, controls and circulars issued pursuant thereto.
4. In addition, that our company implements controls and procedures are not less than the applicable state on know your customer (KYC) and measures of customer diligence (CDD), money laundering and the financing of terrorism (AML / CFT), FATCA and CRS regulation as well as satisfy any requirements under the law of the Iraq Companies Laws of regulatons related.
5. We acknowledge that our professional records with the regulatory authorities licensed to us do not include during the six months preceding the date of submitting this request any decisions on suspension or serious irregularities such as violations of the standards of solvency or separation of accounts.
6. Our company also has the necessary software and technical systems in accordance with the requirements set by Iraq Stock Exchange decisions and circulars in force in the market.
7. We shall maintain adequate internal control measures and risk managment systems to monitor and manage our risk exposure in the market as well as risk associated with our business operations to the satisfaction of ISC and ISX.
8. We shall not act contrary to the interests of the investing public, or to the requirements of ISC and ISX.
9. We shall make satisfactory provisions for an orderly, transparent and fair conduct of business and undertake the necessary provisions for the supervision of our employees and representatives.
10. We shall ensure compliance to ISX rules and/ or the selected market rules as well as SCA regulations where applicated.
11. We have arrangement, procedures and policies in place to ensure the timely statement of transactions executed on the hub.
12. We further undertake the ISX shall not be liable for any loss incurred by the member firm in the course of it dealing and activites through the hub. Thus, ISX is not responsible for any damage or less, which could occur due to any delay, disconnection or malfunction of the hub, be it temporary or permanent for any reason.
13. We accept the standards of professinoal conduct, regulations as determined by the Iraq Stock Exchange and undertake to comply with them.
14. We accept that Iraq Stock Exchange may reject this request without any justification.

Date:
Name:
Job Title:
Singnature:
Company Stamp

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REQUIRED DOCUMENTS

1. Filling form of trading a foreign brokerage firm.
2. A copy of the license to practice the brokerage activitey granted to the foreign brokerage firm in the parent country.
3. A copy of the membership certificate of supervisory authority in the international Organization of Securities Commissions (IOSCO), and applies controls and procedures no less than those in the country rsgading know your customer (KYC), due diligence measures (CDD), money laundering and terrorist financing (AML/CFT) FATCA and CRS regulation as well as meeting any requirements in accordance with the applicable Iraq Companies Law and regulation related.
4. A certificate of no objection from the same regulatory body in the mother country as required by its laws.
5. A copy of the contract between the foreign brokerage firm and the member of the clearing within the State.
6. A copy of the internal control system that ensure the proper application of law and regulations, decisions and circulars issued pursuant to it and the internal regulations in force in the market.
7. A copy of the Companyes Operational Risk Management Manual.
8. Approval of electronic trading by the relevant regulatory authority.
9. Approval of the Bank Office system by the relevant regulatory authority.

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Member Collateral Allocation Form

To be filled by the applicant
Date:
Broker Name:
Exchange:
The Existing Bank Guarantee under:

Exchange	Local Currency	Current Amount In Local Currency	Status Mark if New	Amount AED
ADX	AED	-	-	-
ISX	IQD	-	-	-
Others		-	-	-

Total Trading Limit Via Tabadul: -
*Note: if you are a market maker on any Market, please add a Separate amount. For status please specify If its new request or change. Applicants Notes:

Authorized Signatory Broker Confirmation:
Name:
Title:
Date:
Signature and Stamp:

To be filled and Singed by Authorized Signatory in the Exchange /Depository Name: Title: Date: Signature and Stamp:

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Tabdul Hub Production Users Request

Date:
Brokerage Firm Name - Symbol:
Exchange:

1. Trading User (Create only 2 users for trading)

Maker Employee Name	Job Title	Mobile	Email
1.
2.

2. Equator System (Equator Users with specification of who is the Maker / Checker

Maker Employee Name	Job Title	Mobile	Email	User privileges
1.				Maker
2.				Checker

Approval and Signature: (Authorized)
Name:
Title:
Signature & Stamp: