Regulatory Alerts2026-06-29
Added · Updated
Regulatory Bylaw No. (1) Trading by Non-Iraqis in Iraqi Financial Markets
The Iraqi Securities Commission issued Regulatory Bylaw No. (1) in 2022, governing trading by non-Iraqi investors in Iraqi financial markets. This bylaw mandates brokers to verify non-Iraqi investor identities with certified documents, requires formal agreements and authorizations for transactions, and restricts cash dealings, stipulating that most financial operations must occur through licensed Iraqi banks in Iraqi Dinars, with a minor exception for cash deposits up to 250,000 Dinars for share purchases. Furthermore, it clarifies that general rules for Iraqi investors and brokers apply to non-Iraqis unless explicitly contradicted by this regulation, and notes an amendment to Article 5 on November 12, 2024.
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