The Jordan Securities Commission convened a dialogue meeting with capital market institutions and representatives of financial services companies to review recent legislative and regulatory developments and discuss next-stage plans under Jordan’s economic modernization vision. The agenda covered updates affecting the local market, including foreign exchange dealing, regulation of virtual assets, tax exemptions for mutual funds, encouraging more private-sector Islamic finance sukuk issuance, and digital transformation with cybersecurity requirements. Chairman Imad Abu Haltam highlighted recent measures including the Virtual Assets Law, the Virtual Asset Service Providers Licensing System, amendments to the Securities Commission’s fees and allowances system, financial solvency and capital adequacy standards, and tax incentive decisions. The Commission also referenced steps such as allowing licensed financial services companies to obtain additional licences within limits except for the IB licence, lifting guarantees in stages, and introducing cash transaction requirements linked to Basel Standards, alongside work on disclosure, transparency and governance. Next steps include planned amendments to the Securities Law and further updates to instructions covering market makers, securities lending and borrowing, controls for trading in virtual assets, anti-money laundering and counter-terrorist financing, and investor awareness. Draft executive instructions for virtual asset activities were published on the government Tawasul platform to receive responses for review and follow-up action, and the meeting formed part of a broader series of consultations with market participants.

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