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In view of the failure of a number of companies to meet the requirements of financial disclosure and to provide the Commission with financial statements in the first quarter in 2017, therefore, the Commission decided to suspend trading at Iraqi stock exchange.

 

The CMA insisted on the importance of complying with the provisions of the Unitholders’ Assembly stipulated in article (2-35) of Module Thirteen of the Executive Bylaws of Law No. (7) of 2010 and their amendments, when funds unitholders’ assembly under liquidation is held.
Furthermore, Funds Managers Subject to the Provisions of Module Thirteen are required to comply with the provision of article (2-37) of Chapter Two (Funds) of Module Thirteen (Collective Investment Schemes) of the Executive Bylaws of Law No. (7) of 2010 and their amendments and the compliance with all requirements stipulated in the Bylaws regarding liquidation. 
 

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