The Jordan Securities Commission held a meeting with leading financial services companies and the Jordan Association of Securities Investors to review the state of the capital market and gather feedback on the Commission’s decisions and incentive measures under the updated executive programme of the Economic Modernization Vision 2025, which prioritises transparency and financial governance. The agenda covered legislative and procedural modernisation, tax obstacles to establishing mutual funds, and development of new products and instruments. The chair referenced amendments made and further potential changes to rules for market makers, securities lending and borrowing, and depository receipts, alongside plans for tradable Islamic sukuk such as Ijara Sukuk ending with ownership, activation of a secondary market for government bonds accessible to individuals and companies, and familiarising firms with trading in the primary market for bonds and treasury bills. The Commission also pointed to alignment with International Organization of Securities Commissions standards on governance and transparency and acknowledged industry concerns that securities trading costs in Jordan are high relative to competing markets, with a broader package under review. The meeting is part of a two-week series of stakeholder sessions that began the prior week and is scheduled to conclude next Thursday, with inputs intended to shape proposed projects and work priorities, including possible decisions on trading-cost reforms and other incentives raised by participants such as mutual fund tax treatment and support for brokerage mergers.

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