The Iraq Securities Commission said on September 8 that its board had approved Regulation No. 36 at its eighth meeting on August 30. The measure sets a regulatory framework for licensing activities related to contracts for difference (CFD) trading and leveraged trading.

The commission said the regulation is intended to strengthen oversight of these activities, protect investors and ensure that the trades follow clear legal controls and requirements. Its announcement did not give an application start date, fees or a list of newly authorized firms, so it does not establish when implementation begins.