Circular to Licensed Exchange Companies Regarding Periodic Statistical Reports Submitted to the Central Bank of Jordan

In the Name of Allah, the Most Gracious, the Most Merciful

[Logo of the Central Bank of Jordan]

Reference No.: 9 / 5 / 8166
Date: 17 / 1 / 1445 AH
Corresponding to: 29 / 7 / 2024 AD

Circular to Licensed Exchange Companies
Subject: Models of Periodic Statistical Reports Submitted to the Central Bank of Jordan

Greetings,

In accordance with the provisions of Article (22/A) of the Exchange Business Law No. (44) of 2015 regarding the provision of periodic information and data requested by the Central Bank in accordance with the provisions of this law and the regulations and instructions issued pursuant thereto, and subsequently our circulars issued on the matter, and given the observations of delays in providing us with periodic data and the repetition of subsequent amendments to those reports, we emphasize the necessity of adhering to the following:

1. Commitment to providing us with periodic data by no later than the tenth day from the date of the end of the period covered by those reports.
2. Exercising utmost accuracy in all data prepared for the purposes of the Central Bank and ensuring that they match the entries in your records and are consistent with the provisions of prevailing legislation.
3. Reviewing all internal control and audit systems promptly, including dual control over the data provided to the Central Bank, and ensuring their effectiveness.
4. Ensuring that the branch company has automated accounting and financial systems that enable linking between the branch and the company's headquarters, such that this is reflected in the company's records and data.
5. Posting and recording all company operations promptly and loading each period with its relevant operations.
6. Ensuring the efficiency and effectiveness of the financial systems used by the company and their ability to extract statistics and data that reflect the company's actual reality.

Please note that the Central Bank will take any of the measures stipulated in the provisions of Article (26/e) of the prevailing Exchange Business Law in the event that the company repeats modifying its data or delaying its reports.

Please accept our highest respect.

The Central Bank of Jordan
Classification Level: General
Classification Level: General

Copy: General File

P.O. Box 37 • Amman 11118 Jordan • Phone 4630301 • Fax 4638889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo