Regulatory Alerts2024-03-31
Added · Updated
Central Bank of Jordan Circular on Business Continuity for Licensed Exchange Companies
The Central Bank of Jordan mandates that all licensed exchange companies implement a business continuity policy for total electrical failure, updated at least annually, within six months. Category A companies must install alternative power systems like UPS, train specialized technical staff, and ensure elevator opening mechanisms. Category A firms operating electronic payment systems must additionally use multiple automatic power supply points, install Automatic Transfer Switch systems, and locate backup equipment in protected areas.
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