The Securities Commission grants the first license to a foreign brokerage firm to operate in Iraq
On Sunday, the Securities Authority announced that it had granted official approval to a foreign brokerage firm to operate in the securities markets, making it the first company to receive this approval in accordance with the modern regulatory procedures adopted by the Authority.
The commission confirmed in a statement that this step comes within its ongoing efforts to regulate and develop the work environment in the Iraqi financial market and enhance transparency and efficiency in line with best international practices, and in a way that contributes to supporting investment, stimulating trading activity and attracting global expertise to the market.
She explained that the approval was granted after the company completed all the technical and regulatory requirements, ensuring the integrity of the procedures and protecting the rights of investors, as well as raising the level of institutional performance of brokerage companies operating in the market.
color: #1b1b1b; max-width: 100%;">The statement affirmed that this approval is an important indicator of the Authority’s direction towards opening new horizons for brokerage companies, especially foreign ones, and encouraging the entry of new companies that contribute to the development of the Iraqi capital market and enhance investor confidence in it, which represents one of the Authority’s main objectives in regulating, protecting and developing the market. link