Regulatory Alerts2009-01-01
Circular Book No. (50) of 2009
The Central Bank of Jordan issued Circular Book No. (50) of 2009 to establish general provisions and standardized definitions for all licensed banking institutions. The circular exercises regulatory authority under Article 340 of the 1968 Central Bank Law and Articles 43 and 44 of the 1992 Executive Regulations, while consolidating and referencing prior directives from 1992, 1993, 2007, and 2008. It mandates strict compliance with updated operational standards and terminology across the Jordanian banking sector.
Part One: General Provisions Chapter One: General Provisions Circular Book No. (50) for the Year 2009 2009/3/8 The Board of Directors of the Central Bank of Jordan exercises its powers stipulated in Article (340) of the Central Bank of Jordan Law No. (10) of 1968 and its amendments, and pursuant to the provisions of Articles (43) and (44) of the Executive Regulations of the Central Bank of Jordan Law No. (95) of 1992, and after reviewing Circular Books No. (43) and (44) of 1992, Circular Book No. (135) of 1993, Circular Book No. (84) of 2007, and Circular Book No. (123) of 2008, issues the following: Part One: General Provisions Chapter One: General Provisions Article (1): In applying the provisions of this Circular Book, the following words and expressions shall have the meanings indicated opposite each of them, unless the context otherwise requires: 1- Bank: Any banking institution licensed by the Central Bank of Jordan. 2- [Fragmented regulatory text] Chapter Two: Definitions Article (2): [Fragmented regulatory text] Chapter Three: [Fragmented regulatory text] Article (3): [Fragmented regulatory text] Part One: General Provisions 69 Chapter One [Fragmented regulatory text] Chapter Two: Definitions Article (2): [Fragmented regulatory text]