Financial Crime World

Jordan’s Financial Regulatory Bodies Strive to Attract Investment

The Jordan Securities Commission (JSC) has been working diligently to upgrade the national capital market to an attractive environment for investment. To achieve this goal, the commission has been implementing new regulations and instructions aimed at enhancing corporate governance and promoting transparency.

Developing the National Capital Market

In a recent move, JSC approved the final version of the “Roadmap Plan for the Development of the National Capital Market”, which was prepared in cooperation with international financial institutions. The plan aims to develop the capital market by:

  • Increasing liquidity
  • Diversifying investment products
  • Improving regulatory frameworks

Promoting Transparency and Accountability

Jordan has been at the forefront of promoting transparency and accountability in its financial sector. Since 2007, the country has approved a law guaranteeing the right to information, making it the first Arab country to do so. This move is expected to:

  • Enhance society’s right to know
  • Promote good governance practices among financial institutions

JSC Chairman’s Role

The JSC Chairman has been instrumental in implementing the commission’s vision and mission, which include:

  • Ensuring the stability and integrity of the capital market
  • Protecting investors’ rights
  • Promoting economic growth

The chairman will be responsible for:

  • Implementing the commission’s strategic plans and policies
  • Overseeing the daily operations of the commission
  • Communicating with stakeholders, including investors, financial institutions, and regulatory bodies

Conclusion

Jordan’s financial regulatory bodies are committed to creating an attractive environment for investment by promoting transparency, accountability, and good governance practices. The country’s efforts have been recognized internationally, and its capital market is expected to continue growing and developing in the future.

Poll: Upgrading the national capital market to be an attractive environment for investment?

  • Easy
  • It needs a little time
  • It needs a lot of time
  • Complicated
  • Very complicated