The Jordan Securities Commission (JSC) was established in 1997 as a public institution with financial and administrative autonomy to develop, regulate and monitor Jordan’s capital market.
JSC’s main goals are to protect investors; ensure that markets are fair, efficient and transparent; and to reduce systemic risk.
To achieve these goals, the JSC puts and enforces rules that govern the securities industry and ensure a sustainable market growth.
The entities subject to the supervision of the Securities Commission, as stipulated in Article 15, Paragraph A of the Securities Law No. 18 of 2017, include issuers, licensees, accredited entities, the Amman Stock Exchange, the Securities Depository Center, mutual funds and investment companies.
The JSC is a member of the International Organization of Securities Commissions (IOSCO), the Union of Arab Securities Commission, and is in compliance with the applicable international standards including the IOSCO’s Objectives and Principles of Securities Regulation, the International Financial Reporting Standards (IFRS), the International Auditing Standards (IAS), the Committee on Payment and Settlement Systems (CPSS-10) Principles for Financial Market Infrastructures, the Organization for Economic Co-operation and Development (OECD) Principles of Corporate Governance, and the Financial Action Task Force’s Anti-Money Laundering/Combating the Financing of Terrorism (AML/CTF) Standards.
Since its inception, the JSC has successfully managed to set up an integrated series of regulations that positively helped to monitor compliance and to maintain and encourage sound and healthy trading in the market.
Realizing that financial markets rely on full, accurate, and timely disclosure of financial results and other information that is material to investment decisions; the JSC, in cooperation with Amman Stock Exchange, had implemented and launched the electronic XBRL disclosure system and all entities subject to the JSC's supervision, members of the ASE and the companies listed have been obligated to use the electronic disclosure system in the XBRL language in their dealings with the ASE and the JSC when providing their financial and nonfinancial disclosures.
In an ongoing effort to foster capital market growth, attractiveness, stability, and reliability, the JSC recently launched its strategy 2025-2027 and published it on its website for receiving feedback from public. JSC's Strategy Vision is to advance the national capital market to become a leading regional financial center that attracts investment, enhances confidence, and supports the overall economy. As for JSC's Mission, it is to enhance the regulation and development of the national capital market by providing a legislative, regulatory, and supervisory system that enhances investor protection, establishes the foundations for sound business practices, and facilitates the building of a competitive investment environment that keeps pace with international best practices and standards.
This strategy is derived from the overall objectives of the Economic Modernization Vision, which are to stimulate comprehensive and sustainable economic growth and to enhance Jordan's global competitiveness. This aims to stimulate local and international investments through an attractive investment environment, achieve excellence in the service sectors, and increase service initiatives to foreign markets.
All of this is driven by national objectives of economic growth - economic diversification, increasing foreign direct investment, enhancing global competitiveness to attract foreign investment, promoting economic freedom, strengthening the rule of law in the business environment, and enhancing governance. This can be achieved through the JSC's institutional objectives of stimulating investment in the capital market, which can be summarized as stimulating financing through the capital market, enhancing confidence in the capital market, innovation, institutional capacity building, and digital transformation.
In another context, the JSC in cooperation with the Central Bank of Jordan, and within the scope of product development is preparing for the development of a trading system for government bonds, government bills and corporate bonds issued by public shareholding companies in the market.