1. Jordan Securities Commission (JSC).
2. Amman Stock Exchange (ASE).
3. Securities Depository Center (SDC).

JSC aims in particular to achieve the following:

1. Regulate & develop the capital market to ensure fairness, efficiency & transparency.
2. Protect investors in securities.
3. Protect the capital market from the risks it might face.

1. Regulating & monitoring the issuance of securities & dealing therein.
2. Insuring full & accurate disclosure by issuers of the material information necessary to investors & relevant to the public issuance of securities.
3. Regulating & monitoring disclosure including the periodic reports prepared by issuers.
4. Regulating licensing & registration, & monitoring the activities of Licensed & Registered Persons in the capital market.
5. Regulating & monitoring the Stock Exchange & Trading Markets in Securities.
6. Regulating & monitoring the Center.
7. Regulating Mutual Funds & Investment Companies.

The Securities Law stipulates that the Board of Commissioners authorities include the following; in addition to managing the affairs of Jordan Securities Commission (JSC) & setting instructions & decisions necessary to implement the provisions of this Law:

1. Preparing draft laws & regulations related to securities.
2. Granting licenses issued pursuant to the provisions of this law & approving the registration of Mutual Funds.
3. Approving Amman Stock Exchange (ASE) & Securities Depository Center (SDC), by-laws & instructions. Reviewing objections related to decisions issued by them. In addition to the Boards’ authority to suspend market activity for a period that does not exceed one week. And, if it exceeds this period the Prime Minister approval must be sought.
4. Approving fees & commissions charged by the Amman Stock Exchange (ASE) & the Securities Depository Center (SDC). In addition to setting the minimum & maximum limits of commissions which licensed financial services companies & members of the SDC charge their clients.
5. Adopting the accounting, auditing & performance evaluation standards to be followed by parties subject to the Commission's monitoring. In addition to setting the standards & eligibility conditions required for auditors qualified to audit the accounts of the entities subject to the Commission’s monitoring & supervision.
6. Prohibiting the issuance of or trading in any securities at the Amman Stock Exchange (ASE), if the Board of Commissioners deems this necessary.

1. A board known as the (Board of Commissioners of the Commission) shall undertake the administration of the Commission & the supervision of its affairs. The Board shall be composed of five Commissioners. Each Commissioner must be a Jordanian natural person, must serve on the board on a full-time basis, & must be experienced & specialized.
2. The Commissioners, including the Chairman & the Deputy Chairman, shall be appointed for a five year term renewable once, by a decision of the Council of Ministers upon the Prime Minister’s recommendation, endorsed by a Royal Decree. Any Commissioner may be replaced by another for the outstanding period of the Board’s term in accordance with the same procedures.
3. The salaries, benefits & all financial entitlements of the Commissioners shall be determined by a decision of the Council of Ministers.
4. The Commissioners shall take the following oath before the Prime Minister, prior to assuming their positions: I swear by Almighty Allah to be loyal to the King & the Country, to uphold the Constitution, to abide by the Laws & Regulations in force & to perform the functions & duties entrusted to me with honor, honesty & dedication.

The following shall be subject to the Commission’s monitoring & supervision in accordance with the provisions of this Law & the regulations, instructions & decisions issued pursuant thereto:

1. Issuers (any legal person issuing or announcing the intention to issue securities).
2. Licensed Persons (any person licensed by the Commission in accordance with the provisions of this Law).
3. Registered Persons (any natural person who is a member of the Board of Directors or the Board of Executives, or director, manager or employee of a Financial Services Company, or any person occupying a similar status or performing similar functions as a Financial Broker, Dealer, Investment Trustee, Investment Manager, Financial Advisor, Underwriter or a Financial Services Company).
4. The Amman Stock Exchange (Securities Market).
5. The Securities Depository Center.
6. Mutual Funds & Investment Companies.

By virtue of Article (28) of the Securities Law, JSC financial resources consist of the following:

1. The fees, service charges, & commissions charged in accordance with the provisions of this Law & the regulations, instructions & decisions issued pursuant thereto.
2. The fines imposed by the Board pursuant to the provisions of this Law, or by the Courts.
3. The charges for the use of the Commission’s facilities, returns on the Commission’s investments, & proceeds from the sale of the Commission’s assets.
4. Assistances, donations & grants received by the Commission, provided they are approved by the Council of Ministers.
5. Amounts allocated by the Government to the Commission in the General Budget or for covering a deficit in the Commission’s revenue & expenditures account.
6. Any other revenues received by the Commission & approved by the Board.

1. Encourage the culture to save rather than to consume.
2. Easy investment liquidation.
3. Diversify investments in more than one company.
4. Have a dividend & a capital gain.

• Enhance the concept of disclosure & transparency.
• Monitor trading on a daily bases.
• Inspection over licensed companies & these companies capital adequacy.
• Set, review & implement capital market regulations.

Company shares are transferred to the First Market if the following conditions are fulfilled:

• To be listed for a full year at least on the Second Market.
• The Company's net shareholders' equity must not be less than 100% of the paid-in capital.
• The Company must make net pre-tax profits for at least two fiscal years out of the last three years preceding the transfer of listing.
• The Company's (free float) to the subscribed shares ratio by the end of its fiscal year must not be less than:
  • 5% if it’s paid-in capital is JD 50 million or more.
  • 10% if it’s paid-in capital is less than JD 50 million.
• The number of Company shareholders must not be less than 100 by the end of its fiscal year.
• The minimum days of trading in the Company shares must not be less than 20% of overall trading days over the last twelve months, & at least 10% of the free float shares must have been traded in during the same period.

The listing of a Company's shares shall be transferred from the first market to the Second Market in any of the following cases:

• If the net shareholders' equity decreased to less than 75% of the paid-in capital.
• If the Company accounts show losses in the last three fiscal years.
• If the Company's free float ratio shares drop to less than the minimum set by the end of its fiscal year.
• If the number of Company shareholders drops to less than 75 by the end of its fiscal year.
• If the days of trading on Company shares over the last twelve months drop to less than the minimum set.
• If the percentage of traded free float drops during the last twelve months to less than the minimum set by the end of its fiscal year.

The term ‘Securities’ shall mean any ownership, rights or any evidences local or foreign that are commonly recognized as securities & considered as such by the Board. In particular, the term ‘Securities’ shall include the following:

• Transferable & tradable company shares.
• Bonds issued by companies.
• Securities issued by the Government, official public institutions, public institutions, or municipalities.
• Securities depository receipts.
• Shares & investment units of Mutual Funds.
• Equity option bonds.
• Spot contracts & forward contracts.
• Put & call option contracts.
• Any right to acquire any of the aforementioned subparagraphs.

• Refer to a broker licensed by Jordan Securities Commission (JSC).
• Thoroughly read the agreement with your broker before signing it.
• Ensure that the required commission is up to the accredited limit.
• Regular follow up of your investments.

• Reduce risks through diversification.
• Benefit from an efficient institutional management.
• Liquidate investments easily.
• Save the investor time to follow up his investments.

• Submitting false data.
• Certifying by an auditor of false financial statements.
• Using undisclosed inside information to attain gains or prevent losses.
• Disseminating & promoting rumors.

• Issue periodic reports on specified disclosure dates.
• Disclose material facts affecting securities prices.

1. Place investment decision on proper information.
2. Disregard rumors.
3. Diversify investments.
4. Consult a licensed financial advisor.
5. Pursue investments.

• Sell & purchase of securities according to undisclosed inside information by virtue of his position or job.
• Declare in writing to JSC any changes in securities ownership.

1. Companies periodic records.
2. Brochures of licensed financial services companies.
3. Capital market institutions brochures.

1. Impose fines.
2. Restrict dealing in securities.
3. Revoke or suspend registrations granted.
4. Refer to competent courts.