JSC Registers New Securities & Cancels Granted Licenses to Asia Financial Brokerage Company to Undertake Financial Broker, Dealer & Margin Finance Businesses on 05/07/2012
05-Jul-2012
On July 4.2012 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 28th issuance of Jordanian treasury bonds for the year 2012 at a maturity date on June 14.2014, at a value of JD (150) million & address the (SDC) to register them.
2. Registration of the 29th issuance of Jordanian treasury bonds for the year 2012 at a maturity date on June 19.2015, at a value of JD (150) million & address the (SDC) to register them.
The Board of Commissioners also approved Asia Financial Brokerage Company request to cancel its granted licenses to undertake Financial Broker, Dealer & Margin Finance Businesses.