The Central Bank of Jordan extended the deadline for finance companies to regularise their status under the Finance Companies Law to 13 July 2025, based on Article 20/B/2 of the law. The Finance Companies Law No. 107 of 2021 originally provided a two-year transition period from its effective date of 30 May 2022, and the Central Bank has now extended the regularisation period for a further time after two prior extensions. The latest extension follows amendments published in the Official Gazette on 31 December 2024, including a change that allows the Governor to grant extensions for additional periods not exceeding a total of one year. The amendments also addressed lending crowdfunding, requiring it to be carried out through a separate company that is not permitted to conduct financing activity through the usual methods. The Central Bank urged existing finance companies that have not yet completed regularisation to expedite completion ahead of the 13 July 2025 deadline.
Central Bank of Jordan 2025-01-12
Central Bank of Jordan extends finance companies regularisation deadline to 13 July 2025
The Central Bank of Jordan has extended the deadline for finance companies to regularise their status under the Finance Companies Law to 13 July 2025, following amendments that allow the Governor to grant extensions. The amendments also require lending crowdfunding to be conducted through a separate company.