Rectify the Status of Licensing on December 16.2014
16-Dec-2014
The Board of Commissioners of the Jordan Securities Commission decided by virtue of its decision No. (368/2014) on December 2.2014 to cancel its decision No. (389/2009) on June 11.2009. It also decided to cancel all subsequent decisions relevant to extending the period of time to rectify the status of increasing the minimum limit of capitals of licensed Financial Services Companies to undertake the businesses of the Financial Broker from JD (750.000) thousand to JD (10) million for the Public Shareholding Company and from JD (750.000) thousand to JD (5) million for both the Limited Liability and the Private Shareholding Companies.
The Jordan Securities Commission has circulated its above decision in writing to Financial Brokerage Companies.