Implementing a Financial Training Plan for Jordan Securities Commission

The Jordan Securities Commission (JSC) was established in 1997 as a public institution with financial and administrative autonomy, to develop, regulate and monitor Jordan’s capital market maintaining a sound investment environment & protect investors. The JSC is entrusted with developing the capital market in accordance with international standards to secure fairness, safety and attract domestic & foreign investors. To maintain market integrity, JSC regulates, monitors, & supervises business operations of the Amman Stock Exchange (ASE), the Securities Depository Centre (SDC), financial services companies, public shareholding companies, investment funds & certified financial professionals. Furthermore, the Jordan Securities Commission is committed to securing investor protection & market development & to enforcing disclosure of information regulations pertaining to the securities market. Jordan continued its efforts toward fulfilling the requirements of article (36) of EU-Jordan Action Plan, which aims to "develop the conditions for good financial management, accountability and control." In this context, and in order to address the major problems faced by the JSC in implementing international standards in the field of accounting and audits, including the enhancement of accountability and transparency principles, the regulatory and administrative framework are modernised allowing for the establishment of a high-quality audit profession. This framework contract addressed these problems by providing extensive training programmes to the JSC staff in an attempt to build and further improve the JSC staff capacities.


Project Details
Country JORDAN
Start date 2012.02.13
End date 2012.04.30
Client EC
Sector MACRO/PUBLIC FINANCE MANAGMENT
Sub-sector Financial Audit
Ref. ADE A422-193