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.