JSC signs a memorandum of understanding with the South African Regulator

On the sidelines of the meetings of the Africa and Middle East Committee of the International Organization of Securities Commissions (IOSCO) that was held in the United Arab Emirates recently, the Jordan Securities Commission signed a memorandum of understanding with the Financial Services Board of South Africa (FSB) with the aim of finding constructive and fruitful areas of cooperation between the two parties to serve the achievement of common regulatory goals and promote The role of legislation in protecting investors in the two countries. The memorandum was signed by Mazen Al-Wathaifi, a member of the Commission's Board of Commissioners, and Jurgen Boyd, Executive Vice President of the FSB.
In this context, Al-Wathaifi confirmed that the signing of the memorandum comes within the framework of the authority’s policy of openness to Arab and international institutions in order to serve its organizational objectives in upgrading the national capital market, and applying best practices and international standards, pointing out that the signing of the memorandum came on the sidelines of the meetings that discussed the most important developments and recent trends. In global capital markets and the role of market authorities in building a knowledge-based economy, in addition to regulatory efforts to upgrade these markets and enhance investor protection.
 It is noteworthy that the Financial Services Board in South Africa - the Financial Services Board (FSB) was established as an independent institution whose primary mission is the primary supervision of the stock exchanges and non-bank financial services in South Africa in order to provide a safe investment environment through the licensing and registration of financial services institutions and their employees and follow-up Workflow, supervision and control of financial transactions