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Law of the Securities is expected the government vote
26/06/2012 0:00
BAGHDAD - Al Sabah
announced that the Securities Commission that it has completed the drafting of the bill is awaiting presentation to the Council of Ministers. The commission criticized the financial parliamentary delay in passing a law to organize the work of the Iraqi market for securities.
said Executive Director of the Iraq market for securities Abdul Razzaq al-Saadi's (Center Brief for the Iraqi Media Network) "The Securities Commission has completed drafting a bill to regulate its work and sent to the Shura Council and approved by Advisory Council and was sent again to the Council of Ministers and now awaiting a vote and send it to the House of Representatives for the purpose of legislation. " "The bill, which co-drafted by foreign experts consists of 85 material include all the needs of the development of securities market and strengthen the stock."
and started the Iraq Stock Exchange preparations preliminary to gain membership in the global market for securities, also announced the initiation of electronic filing of corporate foreign investment and local Instead of filing paperwork. The Stock Exchange of Iraq has started operation in 2004, and shifted from manual trading to the use of screens handle electronic in 2009 and open for trading two hours a day five days a week.
and the banking sector is the largest in the stock market, which also includes the shares of industrial companies, insurance companies and hotels and agricultural companies.
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