Iraqi Depository Center was established as a necessity and an update of the electronic trading under the law 74 / temporary (Ninth Section) and is part of the market and decisions shall be subject to the approval of Director of the Center Board of Governors and the Securities Commission.
When we apply a central filing system Which dubbed (depository system , settlement and clearing in the Iraqi Stocks Exchange in the year of 2007 and which was action in the year of 2009) was abandoned securities (share certificates) paper and replaced by electronic and paper through the establishment of a central register of all shareholders of joint stock companies. And became a must to all shareholders who have securities (share certificates) deposited in the IDC Iraq Depository Center, where became the who is responsible for the maintenance of stock ownership for all shareholders in joint stock companies and cannot be any shareholder to sell his shares in the ISX only Depository after the deposit in the IDC .
Was formed as an organizational structure for the IDC was to create partitions and distribution of tasks and the work of each department and training of workers in the IDC and invest all the training opportunities available to develop the skills of workers. At the end of each year will provide an annual report shows the activity center of deposit and its objectives and its services and the beneficiaries of the status and achievements The report reinforces the tables illustrative of the activity center .
