Financial: Securities Act needs amendment to regulate the market and development work
Financial: Securities Act needs amendment to regulate the market and development work
4/14/13
Baghdad (newsletter). The Vice-Chairman of the Committee, stressed the Deputy financial/Kurdistan blocs Coalition/Faizullah, the need to amend the Securities Act for the regulation and development of the work of the Iraq market for securities.
He said Faizullah (News Agency): the problem of management institutions in the country due to the non-application of the laws legislated in the correct format and required or applied incorrectly, what makes a flop and the system.
He added: the problem of its securities may be not to apply its own law, or there are paragraphs should be added to or deleted from the law amending the law to support and develop the work of the Iraq market for securities, which reflect economic activity in the country.
Iraq stock exchange was started in 2004, switched from manual to using trading screens deal in 2009 and open trading hours a day five days a week.
And the banking sector is the largest in the stock market which also includes industrial firms, insurance companies, hotels, and agricultural companies
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