E-Disclosure System

The idea of the “Electronic Disclosure Project” (EDP) emerged as a result of the Royal directions stressing the need to have a safe & an attractive investment environment. As well as, to cope with Jordan Securities Commission’s (JSC’s) goals to protect the rights of investors & provide an investment environment that is technically secure & well developed thus, enhancing the performance of the national capital market. Moreover, to attract investments, enhance justice & equal opportunities available to investors & achieve the highest levels of disclosure & transparency. This Project aims to develop an up-to-date technical “Electronic Disclosure System” (EDS).

The (EDS) shall enable Public Shareholding Companies (PSCs) & parties subject to the Commission monitoring, to provide it with materials intended to be disclosed via specified “Electronic Forms”. The Commission will receive & audit the content of these “Forms” prior to publishing them promptly on the website to the public. Afterwards, it will document them on the System. The System will enhance the swiftness & accuracy of sending & disseminating disclosures issued by companies & will allow them to view many reports.
The success of this Project depends greatly on players that are effective & strategic i.e. (PSCs). Therefore, the Commission will select a number of companies from various sectors of the capital market to take part in the Trial Phase of this Project. The Commission shall familiarize & train them on the System in order to specify the required improvements to be applied to the Trial Copy, prior to finalizing it on the Final Copy that will be activated afterwards on all (PSCs) by the end of August 2013.