Al-Haims Highlights Key Reforms in ISC Bill to Boost Market Access

Economy

Yesterday, 12:37

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Baghdad – INA

Chairman of the Securities Commission-ISC Faisal Al-Haims emphasised today the importance of passing the ISC Law, noting that the draft includes four critical provisions aimed at enhancing market access and modernization.

In a statement to the Iraqi News Agency (INA), Al-Haims said, “The Parliamentary Finance Committee hosted us to discuss ISC Bill, which has undergone its first reading in Parliament.”
He explained that “the absence of the law presents several challenges for the stock market, and we hope the Finance Committee will assist in expediting its passage.”

He added, “The draft law was submitted by the Cabinet to the House of Representatives during the last session of the previous legislative year.”
Al-Haims highlighted that “the law encompasses numerous provisions, with key points including alignment with current regulations, facilitating investor access to the market, transforming the stock market into a joint-stock company, and listing it on the exchange.”