Al Hourani: Compliance Contributes in the development of the Jordan capital market and raises the level of organization and management of companie

The Chairman of the Jordan Securities Commission, Mr. Muhammad Saleh Al-Hourani, confirmed that the great attention paid by the Authority to compliance is part of the Authority’s efforts and its constant endeavor towards developing the national capital market, enhancing confidence in it, encouraging long-term investment, and raising the level of organization and management of companies, in addition to that compliance provides  a kind of protection for investors, and reflects the prestigious reputation of companies and the investment environment as a whole.
This came during the inauguration of the forum this morning, organized by the Jordan Today Center for Development and the General Company for Computers and Electronics, and sponsored by the Central Bank, the Housing Bank and the Alawneh Exchange Company, under the title of the Compliance Forum and its role in institutional development, in the presence of His Excellency Marwan Awad, the former Minister of Finance, and His Excellency Dr. Khaled Amin Abdullah Wazir Previous planning, and the participation of a number of experts and specialists from various Jordanian financial institutions, companies and banks.
Al-Hourani indicated that the authority is making unremitting efforts to update legislation and the technical environment in accordance with the latest international standards and practices in order to upgrade the national capital market to be an investment-attractive environment that enjoys justice, transparency and efficiency in accordance with the law to protect investors in the market from risks and enhance confidence in the national economy and its development to be prosperous and open to Arab and global markets .
He pointed out that the authority has prepared a draft amendment to the Securities Law, which aims to enhance the supervisory role of the authority, encourage the establishment of joint investment funds, and lay the legal foundation and  enabling the authority to transform the indicative corporate governance rules to a binding ones.  He explained that the authority is currently preparing projects to issue and amend a number of important legislations aimed at developing the national capital market and protecting investors and dealers in the market.