Circular to Licensed Exchange Companies Regarding Compliance with Foreign Jurisdictions

[Logo of the Central Bank of Jordan]

Reference No.: 17/3/9/9024 Date: 5/11/1443 AH Corresponding Date: 5/6/2022 AD

Circular to Licensed Exchange Companies

Greetings,

Based on the provisions of Article (16) and Article (18) of the current Exchange Business Law, and in accordance with our circulars issued regarding the opening of dealing lines with external parties, and subsequently with the approvals granted specifically to your company, which were conditional - among other things - on your necessity to take all required measures to ensure that your dealings with those parties remain compliant with the businesses permitted to be practiced according to the prevailing legislations in their respective countries, and considering that the legislative system governing the activities of the external parties with which your company deals may undergo developments, we emphasize the necessity for you to continuously verify the compliance of your dealings with external parties with any conditions and/or requirements imposed by the prevailing legislations in the state of the party with which your company deals - in addition to continuing to meet all conditions and requirements mandated by the prevailing legislations in the Kingdom that regulate your company's activities - and with the necessity to commit to retaining documentation that reinforces the above, permanently at your company's headquarters.

Please accept our highest respect,

[Signature] Central Bank of Jordan