The Chairman of the Securities Commission, Faisal Al-Haims, confirmed today, Wednesday, that the Authority is considering the possibility of licensing brokerage companies to trade in the shares of global exchanges.
“The authority began studying the licensing of brokerage companies to trade in global stock exchanges through a technical committee within it,” Al-Haims said in a statement received by “Economy News”.
He added, “The authority is working seriously to support and develop the stock market by studying the licensing of brokerage companies to enable them to trade the shares of global stock exchanges for the first time in Iraq.”
He explained, “This step comes in the context of protecting citizens’ rights to trade through brokerage companies that practice this activity without an official license by the Securities Commission, which seeks to develop financial markets in the country,” noting that “the authority is working to provide a stimulating and orderly investment environment, which contributes to enhancing confidence among investors and raising Iraq’s position in the global financial markets.”
