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Determining the conditions for granting licenses to Iraqi banks
October 14 12:38
Information/ Baghdad
Today, Friday, the Securities Commission announced that it would proceed with granting licenses to three Iraqi banks, while setting a set of conditions for granting licenses.
The head of the authority, Hassan Al-Agaili, told the official agency, on the sidelines of the signing of the custodian contract with the Iraq Stock Exchange, that
"licenses will be granted to three Iraqi banks during this year, after these banks complete the requirements stipulated by the authority in the regulation." Al-Ugaili added,
"These requirements are to obtain the
Determining the conditions for granting licenses to Iraqi banks
October 14 12:38
Information/ Baghdad
Today, Friday, the Securities Commission announced that it would proceed with granting licenses to three Iraqi banks, while setting a set of conditions for granting licenses.
The head of the authority, Hassan Al-Agaili, told the official agency, on the sidelines of the signing of the custodian contract with the Iraq Stock Exchange, that
"licenses will be granted to three Iraqi banks during this year, after these banks complete the requirements stipulated by the authority in the regulation." Al-Ugaili added,
"These requirements are to obtain the
- approval of the Central Bank of Iraq, the
approval of the Securities Commission and the Board of Governors of the Iraq Stock Exchange, the
preparation of the headquarters and owners of the custodian and their passing of training, in addition to
preparing the Back office system to manage the tasks set forth in the instructions from the outputs of market and bank systems.".
