Regulatory Alerts2020-04-09
Added · Updated
Central Bank of Jordan Circular No. 2020-01 Regarding the Implementation of IFRS 9
The Central Bank of Jordan issued Circular No. 2020-01 on February 1, 2020, to regulate the implementation of IFRS 9 "Financial Instruments" by banks and financial institutions operating in Jordan. The circular establishes regulatory requirements for the transition, including specific rules regarding capital adequacy impacts and disclosure obligations. It mandates compliance from all affected financial entities and outlines the associated reporting timelines and monitoring procedures.
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