Amending the Trading Directives at the Amman Stock Exchange

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Amending the Trading Directives at the Amman Stock Exchange

The Jordan Securities Commission (JSC) has approved the amendments of the Trading Directives at the ASE that were entered to facilitate the procedures followed by brokerage firms in dealing for their custodian’s clients. According to this amendments, the broker may execute trading  transaction  in  favor of custodian’s client  upon  authorizations  issued  by  Foreign Broker or  Investment  Manager provided that, there is a trading  in securities  agreement  between the Broker and the  Foreign Broker or the Investment  Manager.

Note that the mentioned amendments became effective as of February 3rd, 2015.

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