Regulatory Alerts2019-11-19
Added · Updated
Circular on Prior Approval for Savings Account-Linked Promotional Offers
The Central Bank of Jordan mandates that all banks operating in the Kingdom must obtain prior approval before advertising or promoting prizes linked to any type of account. This requirement applies to all banks and is effective as of January 1, 2020. The directive is issued under Article 99 of the Banking Law No. 28 of 2000 and supersedes previous circulars regarding prizes linked to savings accounts.
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