Regulatory Alerts2018-04-02
Added · Updated
Central Bank of Jordan FinTech Regulatory Sandbox Framework
The Central Bank of Jordan establishes a FinTech Regulatory Sandbox allowing businesses and entrepreneurs to test innovative digital financial solutions without immediate regulatory compliance. The framework mandates a 50 JOD non-refundable application fee and restricts the experimentation phase to a maximum of nine months, extendable to one year. Participants must submit monthly progress reports and a final report within 30 days of testing completion, while retaining the right to exit or face termination for non-compliance or excessive risk.
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