Regulatory Alerts2024-07-14
Added · Updated
Central Bank of Jordan Circular on Amendments to Financial Safety Indicators and Limits for Licensed Money Exchange Companies (2023/13)
The Central Bank of Jordan amends the Instructions on Financial Safety Indicators and Their Limits for Licensed Money Exchange Companies, effective for data from July 2024. The fixed assets ratio under Article 4 is increased from 20% to 25% of paid-up capital or equity, whichever is higher. The calculation denominator for all ratios is changed to equity or paid-up capital, whichever is higher, excluding the liquidity indicator. Additionally, Article 5 is amended to cap total assets at five times paid-up capital or equity, excluding assets under IFRS 16.
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