The ISC has determined rules for brokerage companies' action at financial market

 Baghdad – Iraq voices
 3/8/2007
 R. Abdul Razzaq Al-Saadi, the chairman of ISC said on Thursday that the Commission determined procedure and rules of accredited brokerage companies' action at ISX.
A statement issued from ISC explained, the independent agency for news (Iraq voices) received copy of it on Thursday, that "Al-Saadi indicated to that rules which come to protect the dealers investors at Iraq stock exchange and the possibility of expand the action of securities trading during coming period, because of economic growing and non-Iraqis investments in Iraq" but the statement did not indicate to the appointment of decided this procedure.
The statement added that "in the case of acceptance the entry of any new brokerage company to ISX, its capital should be not less than one billion ID and also transformed brokerage bureaus related to licensed banks to LTD Company (or shareholder) at capital not less than one billion ID which the bank has its major shares and brokerage bureau now".
AL-Saadi indicated, according to the statement, that "the current brokerage companies should amend its capital continuously whereas are starting from current year, whereas both its capital or shareholders rights does not less than (35) billion ID before the ending of 2007 and the current brokerage companies are continuing increasing their capital annually to reach the specified level above during duration not more than 5 years from its dated.