Regulatory Alerts2026-02-01
Requirements for Licensing Foreign Brokerage Firms to Trade on the Iraq Stock Exchange via the Tabadul Platform
The Iraq Stock Exchange mandates that foreign brokerage firms satisfy specific licensing requirements, including submitting a completed application form, proof of home-country licensing, and a no-objection certificate from their home regulator. Applicants must provide detailed organizational structures, authorized personnel lists, and evidence of robust operational risk management and cybersecurity systems. Furthermore, firms must commit to strict compliance with Iraqi laws, international standards such as KYC and AML, and the exchange's operational rules to ensure market integrity and investor protection.
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