Board of Commissioners Decision on February 11.2014
02-May-2014
On February 11.2014 Jordan Securities Commission (JSC) Board of Commissioners chaired by HE Mr Mohammed Saleh Hourani granted a license to Standard Chartered Bank of Jordan to engage in the businesses of providing safe custody of securities in condition it settles the fees of JD 1500.
Standard Chartered Bank of Jordan shall not engage in the business of providing safe custody prior to providing the Commission with the necessary regulatory procedures and fulfilling all the required documents in accordance with the regulations and instructions in force in the Commission.
Furthermore, the Board of Commissioners decided to disclose the Letter of the Holy Land Insurance Company number (26/244/2014) dated on February 9.2014 (attached to this release).
The Commission stressed that the Company shall comply with the Board of Commissioners decision number (2/2014) dated on January 2.2014 to prepare the Prospectus Appendix in accordance with the provisions of Article (17) of the Instructions to Issuance and Registration of Securities for the year 2005 that is approved by the Commission prior to subscription procedures and advertising about it.