Jordan Securities Commission Launches Trial Phase of the Electronic Disclosure System
14-May-2012
Jordan Securities Commission (JSC) prepared the Trial Phase of the Electronic Disclosure System Project (EDSP) according to the most up to date international techniques & electronic means, in order to protect investors in the capital market, provide a secure & developed investment environment, attract investments, enhance justice & equal opportunities available to investors & achieve the highest levels of disclosure & transparency; all of which are essential pilings & components of financial markets.
The (EDSP) allows Public Shareholding Companies (PSC) & parties subject to (JSC) surveillance to provide (JSC) with these companies disclosures & to publish them to investors immediately. Thus, allowing accurate, quick & easy access to information to shareholders, investors, dealers, researchers, financial analysts & universities students. These companies shall fill in an electronic form & send it to the (JSC) to be audited & documented in the database of this System.
Since (JSC) is a strong believer in the effective role played by (PSC) & that they are strategic players in the success of this Project, it selected 6 companies from various sectors to take part in the Trial Phase of this Project. The (JSC) concluded the training of employees in these 6 companies, so that they will send financial & non financial disclosures via Trial Copy of this System. Afterwards, the (JSC) will circulate the Trial Phase to all remaining (PSC).