Regulatory Alerts2018-01-01
Regulation No. 115 on Mutual Funds (2018)
The Jordan Securities Commission issued Regulation No. 115 (2018) to establish a comprehensive framework for the registration, operation, and oversight of mutual funds. The regulation mandates a minimum capital of two million Jordanian Dinars, defines open- and closed-end structures, and assigns specific fiduciary duties to investment managers, trustees, and custodians. It further enforces strict asset diversification limits, mandatory liquidity reserves, and continuous disclosure requirements to safeguard unit holders and ensure market transparency.
Share