Regulatory Alerts2022-05-04
Added · Updated
Instructions on Effective Interest Ownership No. 8/2021
The Central Bank of Jordan issues Instructions on Effective Interest Ownership No. 8/2021 to implement Article 34 of Banking Law No. 28 of 2000. The document mandates that any person or group seeking to acquire or increase an effective interest in a Jordanian bank must obtain prior written consent from the Central Bank. It specifies that consent is required for changes in ownership structure, inheritance transfers, and lien enforcement, with applications due before the transfer occurs. The instructions also establish a one-year validity period for issued consents and cancel previous directives from 2007, 2010, 2011, and 2014.
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