RegAlertRule · CBJ · 19 Nov 2019
Mandatory Prior Approval for Banks' Savings Account Prize Promotions
The Central Bank of Jordan mandates that all banks operating in the Kingdom must obtain prior approval before advertising or promoting any prizes related to savings accounts. This requirement, issued under Article 99 of the Banking Law, applies to all such promotions effective January 1, 2020.
No.: 27/3/16066
Date: 22/3/1441 Hijri
Corresponding to: 19/11/2019
Circular to banks operating in the Kingdom
After Greetings,
Based on the provisions of paragraph (b) of article (99) of Banking Law no. (28) of 2000 and its amendments, and further to our circular no. (27/5/3808) dated 10/3/2019 regarding “Prizes related to Savings Accounts”, all banks, and before they advertise and promote any of their prizes related to all accounts, must obtain the prior approval of the Central Bank of Jordan, as of 1/1/2020. Respectfully, Governor Dr. Ziad Fariz
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Lineage: No known changes
RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.
The links and the sentences they come from (2)
- Amends
“further to our circular no. (27/5/3808) dated 10/3/2019 regarding “Prizes related to Savings Accounts””
- Issued under
“Based on the provisions of paragraph (b) of article (99) of Banking Law no. (28) of 2000 and its amendments”
Timeline
This document amends: Central Bank of Jordan Circular No. 27/5/3808 on Savings Account Prize Regulations
Similar documents from other regulators
OSBCSavings Promotions GuidanceKansas
CBBProposed Amendments to the Requirements on Promotions of Financial Products and ServicesBahrain · 2022-01-17
More like this from CBJ
CBJ published 3 documents in the last 30 days. We email you each new one the day it's published.
Source: Central Bank of Jordan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated