Regulatory Alerts2017-01-01
Instructions of Securities Depository Receipts for the Year 2017
The Jordan Securities Commission’s Board of Commissioners issued these instructions to establish a comprehensive regulatory framework for the issuance, registration, and trading of Depository Receipts domestically and cross-border. Licensed Depository Banks must submit detailed applications, including prospectuses and depository agreements, to the Board for approval within thirty days. The regulations mandate strict disclosure obligations, specify a maximum issuance limit of 30 percent of subscribed capital for Jordanian issuers, and require compliance with listing procedures at the Amman Stock Exchange and registration at the Securities Depository Center.
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