Jordan’s securities watchdog enlists UK trade body

AmmanThe UK-based Chartered Institute for Securities & Investment (CISI) has signed a memorandum of understanding with the Jordan Securities Commission (JSC) to help implement new regulations in line with global best practice. The CISI, which provides professional qualifications for the investment, wealth and financial planning sectors, will provide JSC members with its core education syllabus “International Introduction to Securities & Investment”. The collaboration comes at a time when, according to JSC chief executive Mohammad Alborani, there will be “a more robust investment environment in the region”. Consequently, Jordan’s capital markets sector is looking to tighten up its regulatory regime to encourage more international investment. Alborani claims the link up with the CISI will “not only keep us up with international best practices but will also facilitate active integration of the highest standards of ethics and integrity into our regulatory activities”. ©2019 funds global mena

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