ISC Launches Capital Market Strategy for 2026-2028

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ISC Launches Capital Market Strategy for 2026-2028

The Iraqi Securities Commission (ISC) has announced a new strategy for the years 2026 to 2028, aimed at improving Iraq’s capital market and making it stronger, more efficient, and more attractive to investors.

According to the Commission, the goal is clear: build a safer and more modern investment environment that matches international standards and supports the national economy.

One of the main priorities of the new plan is completing the legal framework for the securities market. This includes pushing for the approval of a permanent Securities Law. Once passed, the law will open the door to more investment options, such as shares, bonds, and other financial tools.

The Commission also wants to raise Iraq’s position internationally. It is working to meet the requirements needed to sign a memorandum of understanding with the International Organization of Securities Commissions (IOSCO). This step would allow Iraq to move from associate to full membership, bringing the market closer to global regulatory standards.

Another major focus is attracting foreign brokerage firms. The ISC plans to do this through its trading link with the Abu Dhabi Securities Exchange. This includes granting licenses, completing technical connections for trading and clearing, and issuing clear rules to ensure smooth and transparent operations.

At the same time, the Commission is giving local brokers new opportunities. Under Regulation No. 35 of 2025, Iraqi brokerage firms will be allowed to trade in global securities and commodities markets. This move is expected to expand investment choices and improve overall market performance.

Digital transformation is also a key part of the strategy. The ISC plans to introduce electronic signatures across the Commission, the stock market, and licensed companies. This will make procedures faster, simpler, and easier to monitor. The plan also includes completing the launch of custodian services and granting licenses to foreign banks once technical requirements are met.

In addition, the strategy calls for upgrading trading systems, clearing operations, and electronic oversight tools. The Commission will also work closely with the Central Bank of Iraq to list financial and banking companies, and with the Ministry of Finance and Insurance Diwan to list insurance companies on the market.

The ISC stressed the importance of corporate governance, saying that stronger compliance helps improve company performance and builds investor trust. The strategy is also aligned with national economic plans aimed at diversifying income sources and increasing state revenues.

Finally, the Commission confirmed it will continue public awareness and media campaigns to promote a healthy investment culture and boost confidence in the Iraqi stock market, as part of broader economic reform and long-term development efforts.