Regulatory Alerts2025-03-06
Added · Updated
Licensing Guide for Exchange Companies - 2023
The Central Bank of Jordan has issued a new Licensing Guide for Exchange Companies, effective August 23, 2023, to align with the Exchange Companies Licensing Regulation No. (39) of 2021 and its amendments. This guide outlines the criteria and procedures for obtaining, renewing, or canceling an exchange company license, as well as for temporary cessation of operations. It explicitly nullifies previous licensing instructions from 2007 and 1992, requiring applicants to meet new conditions for ownership structure, management suitability, and location requirements, and to submit applications with specific documentation within 60 days for deficiency notification and 90 days for preliminary approval.
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