Regulatory Alerts2026-03-31
Added · Updated
Instructions No. (3-2026) Amending the Corporate Governance Instructions for Banks No. (2-2023)
The Central Bank of Jordan amends its corporate governance instructions for banks to incorporate definitions for executive management, cybersecurity, emerging technologies, and acceptable risk levels. The amendments require boards to maintain a skills matrix, adopt specific ESG policies with measurable KPIs, and assume final responsibility for IT and digital transformation risks while prohibiting the delegation of board powers to committees. Additionally, the rules tighten fit-and-proper requirements for board members and senior executives, introduce stricter independence criteria for the company secretary, and grant the regulator explicit authority to object to candidates based on supervisory considerations regarding governance and stability.
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