The Securities Commission grants the first approval to a foreign brokerage firm to operate in the Iraqi market.

[RJG]

 Last update: 05:05:08 2026-05-10

 05:05:08 2026-05-10 : Published in

The Securities Commission grants the first approval to a foreign brokerage firm to operate in the Iraqi market.

 

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The Iraqi Securities Commission announced on Sunday that it has issued official approval to a foreign brokerage firm to operate within the Iraqi stock markets, making it the first company to obtain this approval according to the modern regulatory procedures recently adopted by the commission .

The commission confirmed in a statement seen by Al-Sa’a Network that “this step comes within its plan aimed at developing and regulating the work environment in the Iraqi financial market, by promoting the principles of transparency, efficiency and commitment to modern international standards, which contributes to supporting investment and stimulating trading activity within the market .”

The statement added that "the Authority is working to attract international expertise and companies to the Iraqi market, with the aim of raising the level of financial and institutional performance and enhancing confidence in the local financial sector, which will positively impact the investment environment in the country ."

He explained that "the foreign company has completed all the necessary technical and regulatory requirements to obtain approval, including investor protection standards and ensuring the integrity of the legal and regulatory procedures for the work of brokerage firms ."

He explained that "granting this approval represents an important indicator of the Authority's direction towards opening the door for new foreign brokerage companies to enter the Iraqi market, which contributes to the development of the Iraqi capital market and increases its ability to attract local and international investments ."

The Authority stressed that "supporting and developing the stock market and protecting investors is one of its main objectives during the next phase, within the framework of its efforts to build a more stable and efficient financial market ."

https://alssaa.com/post/show/52170-هيئة-الأوراق-المالية-تمنح-أول-موافقة-لشركة-وساطة-أجنبية-للعمل-في-السوق-العراقي

[southbeach]

Who is it ???

[screwball]

1 hour ago, southbeach said:

Who is it ???

https://www.iraqinews.com/iraq/iraq-first-foreign-brokerage-license-arqaam-capital-2026/

[screwball]

aghdad (IraqiNews.com) – The Iraqi Securities Commission (ISC), chaired by Faisal Al-Haimus, announced on Sunday, May 10, 2026, that it has granted the first official approval for a foreign brokerage firm to operate in Iraq’s financial markets. Arqaam Capital has become the first international entity to receive this license under the commission’s newly adopted regulatory and technical framework.

According to the ISC, this historic decision is a core part of its 2026–2028 strategy to modernize the Iraqi capital market. By integrating global brokerage expertise, the commission aims to enhance market liquidity, transparency, and efficiency, effectively aligning the Iraq Stock Exchange (ISX) with international financial standards.

Furthermore, the commission clarified that the approval follows a rigorous auditing process to ensure the firm met all technical and legal requirements. This process was designed to safeguard investor rights and ensure the integrity of cross-border financial transactions. The entry of such firms is expected to raise the institutional performance of all brokerage services currently active in the Iraqi market.

Consequently, this development marks a significant shift toward opening Iraq’s economy to global capital. By encouraging the participation of reputable foreign brokers, the ISC seeks to build regional investor confidence and attract new institutional investment, further solidifying Iraq’s position as an emerging destination for international finance.

[southbeach]

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