Royal Decree to Ratify New CBJ Regulations

تم نشره في Mon 1 August / Aug 2016. 12:00 AM
  • Royal Decree

AMMAN — The Royal Decree to ratify the 24th amendment for the Central bank of Jordan regulation for the year 2016 on the 1971 Central Bank system Article 23, effective upon publication in the official newspaper by June 16th, 2016, entailing enhancements to the central banks supervision and monitory dynamics over financial institutions under the umbrella of Central Bank’s authorities, in addition to the e-payment infrastructures and transaction network in terms of organisation, supervision, and monitoring of the national e-payment network, as well as on Central Bank regulations on advancing facilitation to banks in Jordan.

In order to meet the requirements of the Central Bank’s expanded operational umbrella, the amendments also included increasing the number of Directors on the Central Bank’s Board to 9 members, in order to formulate the necessary specialised committees in charged with overseeing CBJ’s span of operation and specialities in accordance to the new 2016 regulation.