JSC Registers New Securities & Grants a License to Emerging Markets for Financial Services & Investments Company to Undertake Dealer Businesses

On July 24.2012 Jordan Securities Commission (JSC) chaired by the Board of Commissioners Chairman Mr. Mohammad Tash & the membership of the following Commissioners: Deputy Chairman Dr Ahmad Mustafa, Mr. Mansour Haddadin, Mrs. Muna Al-Mufti & Mr. Majd Shafiq, decided to approve new securities registration for a number of companies. Provisions of Article (5) of the Securities Law No (76) for the year 2002 stipulates that: “Every Issuer in the Kingdom shall submit to the Commission an application for registering securities therewith in accordance with the Instructions issued by the Board”. By virtue of this Article every issuer of securities is obliged to submit to the (JSC) an application to register these securities & to have (JSC) prior approval.

The Board of Commissioners approved the following:
1. Registration of the 30th issuance of Jordanian treasury bonds for the year 2012 at a maturity date on June 25.2015, at a value of JD (150) million & address the (SDC) to register them.
2. Registration of the 31st issuance of Jordanian treasury bonds for the year 2012 at a maturity date on July 1.2015, at a value of JD (75) million & address the (SDC) to register them.
3. Registration of the 32nd issuance of Jordanian treasury bonds for the year 2012 at a maturity date on July 4.2015, at a value of JD (75) million & address the (SDC) to register them.
4. Registration of the 33rd issuance of Jordanian treasury bonds for the year 2012 at a maturity date on July 11.2015, at a value of JD (100) million & address the (SDC) to register them.
5. Registration of the 11th issuance of Jordanian treasury bills for the year 2012 at a maturity date on July 8.2013, at a value of JD (75) million & address the (SDC) to register them.
The Board of Commissioners also decided to grant a license to Emerging Markets for Financial Services & Investments Company to undertake Dealer Business.