FAQ
The SDC is governed by the Securities Law and its by-laws and instructions which include:
- The Internal By-Law of the Securities Depository Center.
- The Internal By-Law of the Securities Depository Center’s Proceeds.
- The Internal By-Law of the Settlement Guarantee Fund.
- The Internal By-Law of the Membership and Code of Conduct.
- The Instructions of the Registration, Deposit and Settlement of Securities.
- The Instructions of the Disclosure of Information, Data and Records of the Securities Depository Center.
- The Instructions of the Registration, Deposit and Settlement of Sukuk.
All the by-laws and instructions are available on the SDC website.
The SDC notifies members of the changes to its by-laws and instructions through official circulars submitted to them by e-mail and these changes are also published on the SDC website within publications.
The JSC must approve changes to SDC By laws and Instructions. The by-laws and instructions of the SDC, and any changes/amendments thereto are submitted to the Jordan Securities Commission (JSC) Board of Commissioners for approval prior to their being made effective.
The JSC Board of Commissioners also has the authority to request the SDC’s Board of Directors to introduce amendments to its by-laws and instructions as it deems necessary for the protection of investors and the public interest, and within the period specified in the request. At the expiry of the specified period, the Board of Commissioners may introduce the amendments which it deems appropriate to any of the by-laws or instructions.