Central Bank of Jordan Circular on Digital Services for Licensed Exchange Companies

[Central Bank of Jordan Logo]

Number: 5382/4/9
Date: 16/9/1445 AH
Corresponding to: 27/3/2024 AD

Circular to Licensed Exchange Companies
Subject: Digital Services

Greetings,

In line with the Central Bank of Jordan's commitment to developing the exchange sector in the Kingdom to enhance its role in providing and diversifying distinctive digital services that keep pace with the rapid growth in fintech technology and demand for it, and in accordance with its efforts to support digital transformation and promote financial inclusion for individuals and the business sector, consistent with the Economic Modernization Vision (2023-2025) and its executive program and priorities endorsed by the Central Bank of Jordan.

We would like to inform you that if a company wishes to provide any digital services to its clients, it must submit an application for prior approval according to the approved form for this purpose (attached).

Please accept our highest respect.

Central Bank of Jordan

• Attachment

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P.O. Box 37 • Amman 11118 Jordan • Phone 4630301 Fax 4638889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo Form (1/1/09)

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[Central Bank of Jordan Logo]
Central Bank of Jordan

Application Form for Licensed Exchange Companies to Provide a Digital Service

Company Data	Company Name		Category:
	Digital Service Requested to be Provided
Data Related to the Service	Description
	Objective
	Service Provision Location
	Target Categories
	Expected Cost
Service Provision Requirements*	Service Provider / Partner in Service Provision
	Potential Risks of Providing the Service
	Regulatory Controls Taken to Manage Risks
Service Provision to the Beneficiary	Procedures / Mechanism for Obtaining the Service
	Time Required to Complete the Service
Returns of the Service to the Company	Expected Benefits from Providing the Service
	Expected Fees (if any)
Others	Any other data you deem appropriate to state

• Attach a complete feasibility study regarding this, including, at a minimum, the above mentioned.
• Attach a compliance department study for providing this service.

We, the undersigned (Board of Directors / Board of Managers / Partners) on behalf of the company .................................................... submitting the application to provide the new digital service mentioned above, certify the accuracy of the data and information provided to the Central Bank for this purpose.

Company General Manager / Authorized Signatory: ....................................................
Date: ....................................................
Signature: ....................................................

Form (1/1/09)