Trading platform shares of unlisted joint-stock companies

On 4/5/2023, a joint meeting was held in Securities Commission headquarter, attended by members of the Commission’s board, directors of some of its departments, Iraq Stock Exchange, representatives of the Central Bank of Iraq and the Companies Registration Department.

During the meeting, they discussed the preparation of the mechanism required for the platform for trading shares of unlisted joint-stock companies in the market based on the approval of the Council of Ministers. The legal basis for the work of this platform was discussed in accordance with the provisions of Article 66 / First of the Companies Law in force.

After deliberating opinions on the subject, the initial approval was obtained from the participating parties in order to achieve the purpose of this platform in limiting the trading operations in a central authority determined by the law and in a way that ensures implementation of the Anti-Money Laundering and Terrorist Financing Law 39 of 2015 and in a way that encourages safe investment.