The Jordan Securities Commission

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 maintain the integrity of the capital market, to protect investors and to prevent financial misconduct. To achieve these goals, the JSC makes and enforces rules that govern the securities industry and ensure a sustainable market growth and supervises the Amman Stock Exchange, the Securities Depository Center, Financial Services Companies and Issuers of Securities and Mutual Funds.

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 transactions 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, has recently implemented and launched the electronic XBRL disclosure system.

In an ongoing effort to foster capital market growth, attractiveness, stability, and reliability, the JSC is continuously co-operating with the European Bank for Reconstruction and Development (EBRD). The teams formed by this cooperation have made considerable progress in working on increasing investor interest,making the market more attractive to issuers, reorienting the infrastructure institutions as private sector operations, making the securities industry more competitive, strengthening the JSC regulatory processes and institutional capacity, creating more attractive investment products and constructing public outreach and education programs for investors and issuers.

The JSC is a member of the International Organization of Securities Commissions (IOSCO) 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.

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