Regulatory Alerts2020-05-05
Added · Updated
Circular to Licensed Exchange Companies Regarding Transparency in Commission Disclosure
The Central Bank of Jordan mandates that licensed exchange companies transparently declare and disclose commission prices for all banking services, including those collected by foreign correspondents. This requirement applies to current prices and any modifications thereto, reinforcing obligations established in Circular No. (6983/4/9) dated June 5, 2013. The directive targets licensed exchange companies operating in Jordan to ensure customers understand service costs during the coronavirus pandemic.
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