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29 JUL 12  Securities Commission begin procedures to disclose its affiliates  DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

29 JUL 12 Securities Commission begin procedures to disclose its affiliates

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29 JUL 12  Securities Commission begin procedures to disclose its affiliates  Empty 29 JUL 12 Securities Commission begin procedures to disclose its affiliates

Post by IQD4US on Sun Jul 29, 2012 3:14 am

http://www.imn.iq/news/view.14072

BAGHDAD / Center Brief for the Iraqi Media Network - Securities Commission announced it had begun proceedings to disclose the heads of joint stock companies money market, Iraq Stock Exchange.


The Executive Director of the Securities Commission Abdul Razzaq al-Saadi's (Center Brief for the Iraqi Media Network) that "Alhih addressed both from the Department of Registrar of Companies and the Central Bank of Iraq to begin procedures to detect and disclose the recapitalization of joint stock companies in the Iraqi market for securities."

He explained that "the process of disclosure of shareholding companies is supposed to expire at the end of the month of August next, because there are Dharroh to monitor capital funds of joint stock companies of domestic and foreign."

And started the Iraq Stock Exchange initial preparations for membership of the global market for securities, also announced the initiation of electronic filing of companies foreign and domestic investment, rather than filing paperwork.

The Iraq Stock Exchange has started operation in 2004, and shifted from manual trading to the use of e-dealing screens in 2009 and open for trading two hours a day five days a week.

The banking sector is the largest in the exchange, which also includes the shares of industrial companies and insurance companies, hotels and agricultural companies.
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