Regulatory Alerts2026-07-12
Added · Updated
Instructions on Effective Interest Ownership No. 8/2021
The Central Bank of Jordan issued these instructions to implement Article 34 of the Banking Law, requiring prior written consent for any person or group intending to acquire or increase an effective interest in a Jordanian bank's capital. The rules mandate the submission of detailed ownership forms, including ultimate beneficiary declarations and financial solvency evidence, while specifying that consent is valid for one year and revoking previous instructions from 2010 and earlier circulars. Exceptions for inheritance, lien enforcement, and intra-group transfers still require prior notification and documentation before the transfer occurs.
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