Central Bank of Jordan Circular No. 9994/2/10 Regarding Amman Stock Sale Operations

Licensed banks are required to directly contact the Amman Stock Exchange to execute securities sales ordered by courts or other competent authorities. This directive follows the Securities Commission's designation of the Amman Stock Exchange as the competent entity for such operations, mandating direct communication between banks and the exchange for these specific transactions.

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In the Name of Allah, the Most Gracious, the Most Merciful

Central Bank of Jordan
Number: 9994/2/10
Date: 1426 AH (8/9/1426)
Corresponding to: 2005 AD (12/9/2005)

Greetings,

We enclose a copy of the Securities Commission's letter No. (3258/2/8) dated 22/8/2005, which stipulated that the Amman Stock Exchange is the competent authority to execute securities sales carried out by order of the courts or other competent authorities. Consequently, licensed banks must address the Amman Stock Exchange directly in the event of executing securities sales ordered by the courts or competent authorities. We hope you will review and act accordingly.

Accept our highest regards,

The Governor
Dr. Ameya Touqan

P.O. Box: 37 • Amman 11118 Jordan • Phone: 4630301 • Telex: CBK/Amman • Fax: 4638889, 4639730

Source: Central Bank of Jordan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works