Regulatory Alerts2019-11-04
Added · Updated
Circular No. 10450/2/9 Regarding the Management and Authorized Signatories of Licensed Exchange Companies
The Central Bank of Jordan mandates licensed exchange companies to obtain prior written approval for any changes to senior management positions, including the General Manager, Board of Directors, and authorized signatories. The circular requires detailed disclosures regarding direct or indirect changes in capital ownership structures, the identification of beneficial owners, and any concurrent major shareholdings or directorships in foreign exchange companies. Additionally, companies must report any conflicts of interest involving non-partner executives, update data on the integrity and suitability of management, and provide information on legal representatives of minor partners.
Topics
Share