Regulatory Alerts2021-08-17
Added · Updated
Central Bank of Jordan Instructions on Ownership of Significant Shareholdings No. (8/2021)
The Central Bank of Jordan issued Instructions No. (8/2021) requiring any person or related group to obtain prior written approval before acquiring or increasing a significant shareholding in a Jordanian bank. The regulations mandate the submission of specific forms and supporting documents, including ultimate beneficial owner declarations, and establish a one-year validity period for approvals. The instructions repeal previous directives dated 2010, 2007, 2011, and 2014, and apply to all natural and legal persons seeking to hold significant interests in Jordanian banks.