Circular to Licensed Exchange Companies Regarding Compliance with Foreign Jurisdictions

[Logo of the Central Bank of Jordan]

Number: 17/3/9/9024 Date: 5/11/1443 AH Corresponding to: 5/6/2022 AD

Circular to Licensed Exchange Companies

Greetings,

Based on the provisions of Article (16) and Article (18) of the current Exchange Operations Law, and in light of our circulars issued regarding the opening of transaction lines with external parties, and subsequently the approvals granted to your company specifically and conditioned - among other things - on the necessity for you to take the required measures to ensure that your transactions with those parties continue to comply with the permitted activities according to the prevailing legislations in their respective country, and taking into account the developments that may occur in the legislative system governing the operations of the external parties with which your company deals, we emphasize the necessity for you to continuously verify the compliance of your transactions 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 and regulating your company's operations - and with the necessity to commit to retaining what reinforces the above at your company's headquarters permanently.

Please accept our highest respect,

[Signature] Central Bank of Jordan