Jordan Securities Commission has issued a new amendment for the trading directives in Amman Stock Exchange on that will be effective directly in the Exchange.
The new directives will enable the local brokerage firms to directly accept all buy and sell order from Foreign broker/ Investment manager on behalf of their clients that have a custody account with a local custodian based on the following requirements:
- An authorization issued by a foreign broker or the Local/foreign investment manager, noting that the foreign broker is a licensed broker in a stock exchange other than Amman stock exchange.
- A signed agreement between the local broker and the foreign brokerage/ Investment manager.
Based on the Jordan Securities commission perspective, the new trading directives will ease things for foreign investors and minimizes the obstacles that prevent them from investing in Amman Stock Exchange.