Regulatory Alerts2020-08-26
Added · Updated
Circular to Microfinance Companies in the Kingdom Regarding COVID-19 Safety and Business Continuity
The Central Bank of Jordan requires microfinance companies to implement public safety measures, including social distancing, mask-wearing, and remote work mechanisms, in accordance with government decisions. The circular mandates that these entities continuously review their business continuity plans, ensure employee awareness, and activate crisis management roles to maintain service sustainability. It further requires continuous communication between executive management and the Board of Directors to facilitate rapid decision-making during the pandemic.
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