The Jordan Securities Commission has approved new guidelines setting out how legal measures will be applied to entities under its supervision that do not comply with the applicable disclosure instructions. The guidelines consolidate the approved bases underpinning the current disclosure instructions into a single document and aim to ensure equal treatment by applying legal measures to all public shareholding companies registered with the Commission, whether their shares trade on the listed securities market or the unlisted securities market. Legal measures are to be linked to the gravity of the breach and its impact on market safety and the rights of shareholders and other related parties, taking into account the importance of the information and the time between the occurrence of the information and its disclosure. The framework also allows legal measures to extend to board members where they caused the violation and provides for repeat breaches of the same type of material information to be taken into account.

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