Transactions Exempted From Trading Through The Market
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Securities ownership transfers are conducted through the SDC in accordance with the following requirements:
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The concerned party or his legal representative must submit the Inheritance Transfer Form and provide the following documents and information to the SDC:
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A-
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The original or a certified copy of inheritance deed or the Disassociation deed (general or specified) according to the following:
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1. |
The inheritance deed should include and specify the amount of the share of each heir. |
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2. |
The date of issuance for the inheritance deed shall not exceed (3) years whether issued from inside the Kingdom or outside of it, and if the inheritance issuance date exceded this period, the deed shall be newly notarized from the original issuer of the document "a copy of the original" and that no disassociation has been registered
or has been indicated that there is any disassociation as the case may be, provided
that the date of the notarization shall not exceed (3) years. |
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3. |
The SDC maintains the original or a copy of the original of the inheritance
deed. |
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4. |
In the case where such deeds are issued outside the Kingdom, it shall be
notarized from the following parties: |
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The competent authorities in the country where the inheritance deed was
organized including the Foreign Ministry of that country. |
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The representative of the Hashemite Kingdom of Jordan in the state which the
inheritance deed was organized in, or the embassy of that state in the Hashemite
Kingdom of Jordan. |
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The Jordanian Foreign Ministry |
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The Supreme Judge Department or the competent canonical court (as the case may
be). |
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If the certificate was published in Jerusalem, the Jordan Supreme Judge department or Jordan canonical court's notarization (as the case may be) is sufficient. |
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B-
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A copy of the death certificate and identification documents of the deceased, in cases where it is not possible to provide an identification document, the death certificate suffices.
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C- |
A quittance certification for the deceased issued by the Jordan Income and Sales
Tax department. |
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D-
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Copies of valid identification documents of all the inheritors.
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E-
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The securities owned by the deceased shall be
free and deposited in the central registry, in cases where it is maintained by a broker, the securities must be transferred to the central registry before executing the transfer process.
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F-
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In case of non- deposited securities, a certificate of securities ownership or notification stating the deceased securities ownership issued within one month must be provided to the SDC, in accordance with the following:
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1. |
The name of the shareholder should match his mentioned name on the inheritance deed or the excluded deed, in the case of amending the name of the shareholder by the company, the SDC must be duly informed in writing, in order to amend the name in the securities central registry. |
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2. |
Explanation note on
the certificate of securities’ ownership clarifying that any certificate of
securities’ ownership previously issued by the company for non-deposited
shareholders considered as cancelled. |
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3. |
Nationality of the shareholder. |
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4. |
Shareholder's No. maintained at the company. |
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5. |
SDC's No. (if available). |
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6. |
Securities to be transferred are not restricted by pledge or lien. |
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7. |
Date of certificate. |
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8. |
Corporate signature and stamp. |
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G- |
Address for each inheritor.
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H- |
Fractions due to distribution of shares and/or the securities trading unit shall be rectified through assigning the fractions to one or more of the inheritors, or through the assignment of an empowered inheritor in the case of the presence of an agent through a power of attorney that specifies the agents' right to waiver. |
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I- |
1. |
The SDC shall collect a commission for the transfer of ownership as follows: |
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A-
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(0.0015) fifteen per ten thousand of the shares market value.
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B-
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(0.0001) one per ten thousand of the market value of government bonds, bonds issued by public institutions and municipalities and corporate bonds and Islamic finance Sukuk.
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2.
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The SDC shall collect the commissions mentioned in paragraph (1) above from one party with a minimum of (250) two hundred and fifty fils for each transfer deed.
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Family transfers that occur between ascendants and descendants and between siblings or between half-siblings and between spouses
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Family Transfers are conducted between ascendants and descendants and between siblings or between half-siblings and between spouses; It is not allowed in any case, to transfer the securities owned by the minor. The concerned person or his legal representative must submit the Family Transfer Form and provide the following documents and information to the SDC:
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A- |
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B- |
Documents that prove the relation between the transferor and the transferee such as (the family book, birth certificate, a passport mentioning the spouse name, the marriage contract, inheritance deed).
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C- |
Addresses for the transferor and the transferee.
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D- |
The transferor’s shares must be
free and deposited in the central registry, and in case the shares are in his account maintained by the broker, the shares should be transferred to the central registry before
executing the transfer process.
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E- |
The transferor and the transferee or their legal representatives must duly sign the transfer form at the SDC and if the transfer occurs by virtue of a power of attorney, the power of attorney must expressly give the agent the right to waiver on behalf of his client.
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F- |
1. |
The SDC shall collect a commission for family transfer as follows:
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A- |
(0.002) two per one thousand of the market value.
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B- |
(0.0001) one per ten thousand of the market value of government bonds, bonds issued by public institutions and municipalities and corporate bond and Islamic finance Sukuk.
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2. |
The SDC shall collect the commissions mentioned in paragraph (1) above from one party with a minimum of (250) two hundred and fifty fils for each contract.
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Transfer for the Purpose of Dividing the Joint Ownership of Securities
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This transfer is conducted between the owners of joint securities. The concerned person or his legal representative must submit the Securities' Ownership Transfer Form and provide the following documents and information to the SDC:
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A-
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B-
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Copy of the death certificate, inheritance deed, and quittance certificate for
the deceased issued by the Jordan Income and Sales Tax Department if anyone of
joint owners was deceased. |
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C-
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Addresses for each of the joint owners.
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D-
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The transferor / shareholder’s shares must be free and deposited in the central registry, and in case the shares are in the investor's account maintained by the broker, they should be transferred to the central registry before
executing the transfer process.
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E-
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The presence of all joint owners to approve the transfer through duly signing the transfer form in front of authorized SDC employee or the presence of their legal representative that is authorized to divide the joint ownership by virtue of a power of attorney that expressly states the agent's authorization to divide the joint ownership and assign the securities necessary to rectify the number of shares between the joint owners.
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F-
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If anyone of joint owners were deceased, the division is conducted by the presence of all inheritors or their legal representative that is authorized to divide the joint ownership to sign the transfer form in the SDC, in case there are minors among inheritors, their guardian should provide the SDC with the proper permission by the competent courts to divide the joint ownership.
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1.
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The SDC shall collect commission for the transfer of joint securities in accordance with the following.
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A-
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(0.002) two per one thousand of the share's market value.
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B-
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(0.0001) one per ten thousand of the market value of government bonds, bonds issued by public institutions and municipalities and corporate bond and Islamic finance Sukuk.
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2.
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The SDC shall collect commissions that mentioned in paragraph (1) of this Article from one party with a minimum of (250) two hundred and fifty files for each contract.
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Fourth
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Donating securities to religious, charitable or social associations registered at the competent authorities
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The concerned person or his legal representative must provide the following documents and information to the SDC:
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A- |
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B- |
Addresses for both the donor and donee.
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C- |
The transferor's/ shareholder's shares must be
free and deposited in the central registry, and in case the shares are in the investor's account maintained by the broker, they should be transferred to the central registry before
executing the transfer process.
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D- |
A written authorization from the donee to one of its employees authorizing them to sign transfer form at the SDC.
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E- |
The donor or his legal representative must sign transfer form in the SDC.
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If the transfers are conducted by virtue of a power of attorney, the power of attorney must expressly state that the agent is authorized to donate the securities and if the power of attorney is specified, it must state the name of shares, number of donated securities, the name of donee and names mentioned in the power of attorney should be identical to the donor's identification documents.
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F- |
1. |
The SDC shall collect commissions for the transfer of donating securities in accordance with the following:
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A- |
(0.002) two per one thousand of the share's market value.
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B- |
(0.0001) one per ten thousand of the market value of government bonds, bonds issued by public institutions and municipalities and corporate bond and Islamic finance Sukuk.
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2. |
The SDC shall collect commissions that mentioned in paragraph (1) above from one party with a minimum of (250) two hundreds and fifty files for each transfer contract.
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Waqf of Securities Whether Charitable or Descendentiary
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A- |
The original Waqf deed duly organized and issued by a competent court and if the Waqf deed is issued outside the kingdom, it should be certified as follows:
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1. |
The competent authorities in the country where the power of attorney was organized including the foreign ministry of that country.
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2. |
The representative of the Hashemite Kingdom of Jordan in the state which the power of attorney was organized in, or the embassy of that state in the Hashemite Kingdom of Jordan.
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3. |
The Jordanian Foreign Ministry.
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4. |
The Supreme Judge Department or the competent canonical court (as the case may be).
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B- |
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C- |
An address for the transferor in the Waqf and the transferee.
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D- |
The transferor’s shares must be
free and deposited in the central registry, and in the case where the shares are in the investor’s account maintained by the broker, they should be transferred to the central registry before
executing the transfer process.
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E- |
The presence of the transferor in the Waqf and the transferee in person to sign the form in front of the authorized SDC employee, or the presence of transferor legal representative by the power of attorney duly organized.
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F- |
1. |
The SDC shall collect a commission for the transfer of ownership as follows:
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A- |
(0.0015) fifteen per ten thousand of the shares market value.
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B- |
(0.0001) one per ten thousand of the market value of government bonds, bonds issued by public institutions and municipalities and corporate bonds and Islamic finance Sukuk.
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2. |
The SDC shall collect the commissions mentioned in paragraph (1) above from one party with a minimum of (250) two hundred and fifty fils for each transfer deed.
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Securities contained in wills
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A- |
The securities owned by willer shall be
free and deposited in the central registry, in
case of non-deposited securities, a certificate of securities' ownership that
proves the willer's ownership of securities that are to be transferred to the
devisee or notification provided by the issuer with a maximum of a month period
that clarifies the willer's ownership, number of securities, shareholder's
number, the SDC number (if available), nationality and that the securities are
not restricted by pledge or lien or any certificate previously issued, is
considered as cancelled. |
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B- |
The original or a copy of will deed duly organized and issued by
the competent authorities. The will is adopted to carry out transfer of
securities that contained in wills. These wills need to be authenticated and be
proven its correctness by the competent authorities and official references in
order to be approved by the SDC according to the provisions of the relevant
legislations in force and as the case required.
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C- |
A copy of death certificate and identification documents of the willer in cases where it is not possible to present an identification document for the deceased, the death certificate will suffice.
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D- |
A quittance for the deceased issued by the Jordan Income and Sales Tax
Department. |
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E- |
A copy of valid identification document of the devisee. |
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F- |
An address for the devisee. |
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G- |
The presence of the devisee to sign the transfer form in front of the authorized SDC employee or the presence of anyone of his inheritors if he was deceased, or the presence of his legal representative by virtue of the power of attorney duly organized.
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H- |
The SDC shall collect commissions for the transfer of securities in accordance with securities' will from one party with a minimum of (250) two hundred and fifty files for each contract in accordance with the following:
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1.
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(0.0015) fifteen per ten thousand of the securities market value.
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2.
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(0.0001) one per ten thousand of the market value of government bonds, bonds issued by public institutions and municipalities and corporate bonds and Islamic finance Sukuk.
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Seventh
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Transfers that occur in accordance with the Law of Government's Acquisition of Monies that Reach Limitation
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The transfer and reclaiming of shares that reach the limitation is conducted in accordance with the provisions of Article (103/G) of the Instructions of Registration, Deposit and Settlement of Securities for the year 2004 and the Law of Government's Acquisition of Monies that Reach Limitation No. (35) of 1985. There are two cases to transfer securities by virtue of this law. The transfer requirements for each case are as follows: |
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First case: From the owner of securities that reach limitation to the Jordan Ministry of Finance: |
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A- |
A written letter addressed to the SDC by the Jordanian Ministry of Finance to transfer securities' ownership by virtue of the Law of Government's Acquisition of Monies that Reach Limitation No. (35) of 1985. |
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B- |
Minister of Finance's letter approving the transfer and a list of owners' names of securities that reach limitation, the number of securities, shareholder number, SDC number (if available). |
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C- |
A letter from the public shareholding company that contains a list of owners' names of securities that reach limitation, the number of securities, shareholder number, SDC number (if available). |
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D- |
The presence of the ministry's representative to pay fees and receipt transfer notifications. |
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E- |
The SDC shall collect commissions for the transfer of securities in accordance with the Law of Government's Acquisition of Monies that Reach Limitation from one party with a minimum of (250) two hundred and fifty files for each contract in accordance with the following: |
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1. |
(0.0015) fifteen per ten thousand of the securities market value except government bonds, bonds issued by public institutions and municipalities and corporate bonds. |
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2. |
(0.0001) one per ten thousand of the market
value of government bonds, bonds issued by public institutions and
municipalities and corporate bonds and Islamic finance Sukuk. |
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Second case: From the Ministry of Finance to the owner of securities that reach limitation. |
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Shares that the government acquire by virtue of the Law of Government's Acquisition of Monies that Reach Limitation shall not be absolute acquire by the government. Therefore, the share's owners can reclaim their shares where the law authorize the minister of finance to return the shares to their owners based on their request. The following is transfer requirements: |
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A- |
A written letter addressed to the SDC by the Department of Government Contributions that contains the SDC request to transfer securities from the name of the ministry of finance to the name of person/persons that their securities' ownership by virtue of the Law of Government's Acquisition of Monies that Reach Limitation No. (35) of 1985. It also contains the owner's national identification number (if available) for Jordanian, for non-Jordanian the identification documents will suffice. |
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B- |
A written letter from the ministry of finance approving the transfer attached with a list from the issuer of shareholders' names, the number of shares owned by the shareholder and any issuer procedures on the shares during the period they were acquired by the government (such as stock dividends or decrease share capital or market value split that in turn decrease or increase the number of transferred securities,...etc). |
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C- |
A copy of valid identification documents of the transferee. |
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D- |
An address for the transferee |
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E- |
The presence of transferee to pay fees. |
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F- |
The SDC shall collect commissions for the transfer of securities in accordance with the Law of Government's Acquisition of Monies that Reach Limitation from one party with a minimum of (250) two hundred and fifty files for each contract in accordance with the following: |
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1. |
(0.0015) fifteen per ten thousand of the securities market value except government bonds, bonds issued by public institutions and municipalities and corporate bonds. |
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2. |
(0.0001) one per ten thousand of the market value of government bonds, bonds issued by public institutions and municipalities and corporate bonds and Islamic finance Sukuk. |
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Eighth
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Transfers in accordance with Decisions issued by Courts and Execution Departments
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Transfers in accordance with decisions issued by courts and execution departments where the concerned person or his legal representative must provide the following documents and information to the SDC:
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A-
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The original irrevocable judicial decision to transfer the securities or a copy authenticated as original of the said decision.
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B-
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A certificate of securities that prove the condemned person's ownership of non-deposited securities that are to be transferred to the transferee (the person who the shares will be transferred to his favor), provided by the issuer within a month period shows the condemned person's ownership of securities, shares number, shareholding number, SDC number (if available), nationality, any certificate issued before to be considered cancelled, and that the securities are not restricted by pledge or lien.
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C-
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Valid copies of the identification documents for both the condemned person (if available) and the transferee (the person who the shares will be transferred in his favor).
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D-
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Addresses for both the condemned person and the transferee (the person who the shares will be transferred in his favor).
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E-
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The presence of the transferee to sign the transfer form in front of the authorized SDC employee, or the presence of one of the transferor's inheritors or the presence of transferor's legal representative by the power of attorney duly organized.
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F-
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The SDC shall collect a commission for the transfers in accordance with decisions issued by courts and execution departments from one party with a minimum of (250) two hundred and fifty fils for each contract as follows:
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1.
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(0.0015) fifteen per ten thousand of the shares market value.
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2.
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(0.0001) one per ten thousand of the market value of government bonds, bonds issued by public institutions and municipalities and corporate bonds and Islamic finance Sukuk.
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Transfers in accordance
with the JSC's decisions
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Transfers in accordance with decisions of the Jordan Securities Commission are conducted after providing the following documents and information to the SDC:
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A- |
The transferor's / investor shares must be
free and deposited in the central registry, and in case the shares are in the investor's account maintained by the broker, they should be transferred to the central registry before the transfer can be conducted. |
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B- |
The Board of Commissioners of the JSC's decision regarding to the transfer. |
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C- |
A copy of the personal identification documents for the transferor and transferee. |
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D- |
The presence of the transferor and the transferee or their legal representatives
by the power of attorney, if any of the concerned parties is judicial entity the
duly authorized representative on behalf of the firm to such operations
according to the authorization signature certificate should attend to the
center. |
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E- |
In the case that any of transfer parties is a judicial entity, then a new duly
issued covering letter from the judicial entity must be presented to the SDC,
the letter must expressly notify the SDC the desire of selling or buying the
securities and should contain the following information: |
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1.
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Security's name, number of shares and the agreed price for selling/buying. |
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2.
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Reference note to the Board of Commissioners of the JSC's decision regarding to the transfer operation, and the names of the seller and the buyer as mentioned in identification document and SDC number for each of them, and to acknowledge that all financial matters between the two parties were settled, with no responsibility upon the SDC.
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3.
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The Covering letter should contain the firm acknowledgement that the registration certificate and the authorized certificate of the judicial person are true and valid to date, with no responsibility upon the SDC.
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4.
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The covering letter should clarify if the transfer operation will be done according to the presence of the authorized signatory or by the presence of the legal representative.
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5.
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The covering letter shall be sealed and signed by the authorized person(s), and it shall refer to their name and position, with a notarization of the authenticity of their signatures from a local bank
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F-
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Addresses for the transferor and the transferee.
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G- |
The SDC shall collect a commission for the transfer
in accordance with the JSC's decisions as follows: |
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1.
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(0.0014) fourteen per ten thousand of the market value. |
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2. |
(0.0001) one per ten thousand of the market value of government bonds, bonds issued by public institutions and municipalities and corporate bonds and Islamic finance Sukuk. |
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3. |
The SDC shall collect the commissions with a minimum of (JOD 1.000) one Jordanian Dinar from each party. |
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4. |
The market value is calculated based on the last closing price of the security or the agreed upon price whichever is higher. |
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Transfers that occur between the Founders of an Issuer in accordance with the relevant Laws and/or authorities decisions during the period of lock-up of the founding shares
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Transfer of founders' shares is conducted during the restriction period on the shares virtue of the provisions of Article (100) of Companies Law or according to the decisions of the JSC's Board of Commissioners, which consider shares resulted from increase of capital as founder's shares during specific period by a virtue of the decision. The concerned party or his legal representative must submit the Securities' Ownership Transfer Form and provide the following documents and information to the SDC:
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A-
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The transferor's / investor shares must be
free and deposited in the central registry.
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B-
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Copies of the valid personal identification documents for the transferor and transferee. |
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C-
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In the case that any party of transfer is a
judicial entity the duly authorized representative on behalf of the firm to such
operations according to the authorization signature certificate should attend at the center. |
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D- |
The transferor and the transferee or their legal representative by a virtue of a power of attorney must sign transfer form in the SDC. |
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E- |
In the case that any party of transfer is a judicial entity, then a new duly issued covering letter from the judicial entity must be presented to the SDC, the letter must expressly notify the SDC the desire of selling or buying the securities and should contain the following information: |
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1.
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Security's name, number of shares and status (founders' shares) and the agreed price for selling/buying. |
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2.
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The names of the seller and the buyer as mentioned in identification document and their status (founders) and SDC number for each of them, and to acknowledge that all financial matters between the two parties were settled, with no responsibility upon the SDC. |
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3.
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The covering letter contains the firm acknowledgement that the registration certificate and the authorized certificate of the judicial person are true and valid to date, with no responsibility upon the SDC. |
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4.
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Covering letter should clarify if the transfers operation will be done according to the presence of the authorized signatory or by the presence of the legal representative. |
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5.
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The covering letter shall be sealed and signed by the authorized person(s), and it shall refer to their name and position, with a notarization of the authenticity of their signatures from a local bank. |
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F-
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Addresses for the transferor and the transferee.
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G- |
1. |
The SDC shall collect commissions for the transfer of non- traded securities as follows: |
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A-
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(0.0014) fourteen per ten thousand of the market value. |
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B-
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(0.0001) one per ten thousand of the market value of government bonds, bonds issued by public institutions and municipalities and corporate bonds
and Islamic finance Sukuk. |
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2.
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The SDC shall collect the commissions mentioned in paragraph (1) above with a minimum of (JOD 1.000) one Jordanian Dinar from each of the parties. |
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3.
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The market value mentioned in paragraph (1) is calculated based on the last closing price of the security or the agreed upon price whichever is higher. |
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Transfers in cases of owning the shares of public shareholding companies in accordance with legislations in force
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Transfers that occur in accordance with owning the shares of the public shareholding companies, are conducted after providing the following documents and information to the SDC:
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A-
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Documents and information required from the company
(issuer). |
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The issuer shall provide the SDC with a signed and sealed covering letter whereby requesting to transfer the free deposited and non-deposited shares of its shareholders registered in the central registry including the following information:
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1. |
The number of shares to be transferred. |
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2. |
The agreed upon price per share. |
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3. |
Notify a decision is issued by the extraordinary General Assembly of the company approving the selling of its shareholders’ shares to another company. |
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4. |
The approval of his Excellency the Minister of the Industry and Trade on the ownership transfer. |
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5. |
Completion of the procedures with the JSC to transform the shares of the shareholders of the company that decided to sell to the purchasing company in accordance with the provisions of Article (222/b) of the Companies Law. |
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6. |
Designation the paying agent who shall pay the commissions owed to the SDC. |
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7. |
The acknowledgement that all financial matters were settled, with no responsibility upon the SDC. |
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8. |
The name of authorized person to proceed with the procedures for transferring the ownership. |
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The company shall attach the following documents with its letter: |
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1. |
The minutes of extraordinary General Assembly meeting including the decision approving the transfer. |
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2. |
The letter issued by the Minister of the Industry and Trade approving the ownership transfer. |
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3. |
The letter issued by the JSC to execute all procedures of ownership transfer. |
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4. |
List of shareholders' names who own free deposited and non-deposited shares registered in the central registry wanted to be transferred that is sealed and signed by them. |
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5. |
The agreement signed with the paying agent who shall settle the financial matters resulted from execution the ownership transfer. |
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6. |
A copy of the advertisement published in the local daily newspapers addressed from the company desired to sell shares to its shareholders including notifying them of transfer details in accordance with the provisions of Article (222/b) of the Companies Law. |
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B- |
Documents and information required from the company
wishing to purchase/ transferee. |
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The company wishing to purchase shall provide the SDC with a signed and sealed covering letter whereby requesting to transfer the free deposited and non-deposited shares of issuer's shareholders registered in the central registry to the name of purchasing company including the following information: |
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1. |
The number of shares to be transferred. |
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2. |
The agreed upon price per share. |
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3. |
The reference to the decision of the company’s extraordinary General Assembly approving the purchasing of the shareholders’ shares of the company wishing to sell. |
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4. |
The acknowledgement that all financial matters were settled through the paying agent. |
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The company shall attach the following documents with its letter: |
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1. |
The registration certification issued by the
Companies Control Department. |
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2. |
The minutes of extraordinary General Assembly meeting including the approval on the ownership transfer. |
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C- |
The SDC shall collect a commission for the transfer in cases of owning the shares of public shareholding companies in accordance with legislations in force as follows: |
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1.
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(0.0014) fourteen per ten thousand of the market value. |
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2. |
(0.0001) one per ten thousand of the market value of government bonds, bonds issued by public institutions and municipalities and corporate bonds and Islamic finance Sukuk. |
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3. |
The SDC shall collect the commissions with a minimum of (JOD 1.000) one Jordanian Dinar from each party. |
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4. |
The market value is calculated based on the last closing price of the security or the agreed upon price whichever is higher. |
Transfer of Ownership of Non-Traded Securities |
The ownership transfer of non-traded
securities through the market occurs in accordance with the following
requirements:
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The concerned person
or his legal representative must submit the Securities' Ownership Transfer Form and provide the following documents and
information to the SDC: |
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A- |
Valid copies of identification documents for transferor and transferee. |
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B- |
In the case that any
party of transfer is a judicial entity, then a new issued covering letter from
the judicial entity must be presented to the SDC, the letter must expressly
notify the SDC of the desire to sell or buy the securities and should contain
the following: |
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1. |
Security's name,
number of shares and the price of selling/buying. |
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2. |
The name of either the
seller or the buyer that are identical to their identification documents, SDC
number for both, expressly mentioning the financial settlements between both
parties. Hence, the SDC doesn’t bear any responsibility. |
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3. |
Covering letter should
expressly includes the firm's acknowledgment that the registration certificate
and the certificate of authorized persons to sign are true and valid to date ,
with no responsibility on SDC of any sequences, in case of the presence of
authorized persons to sign in person to SDC , and in the case of their legal
representative presence , the registration certificate is suffice. |
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4. |
The authorized persons to sign on behalf of
the firm, and in the case of their legal representative presence, the power
of attorney ,registration certificate are sufficient. In addition to the
notarization of a local bank of their signatures.
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5. |
Covering letter should mention if the
transfers will be done of a presence the authorized person to sign or by a
legal representative.
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6. |
If the firm which be indicated to transfer its
shares was suspended for merging or reducing capital, both parties should
acknowledge the procedures progress of merging or their acknowledgment of
the decrease capital procedures as the case may.
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C- |
An address for both
the transferor and the transferee. |
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D- |
The transferor's /
investor shares must be free and deposited in the central registry, and in case the
shares are in the investor's account maintained by the broker, they should be
transferred to the central registry before the transfer can be conducted. |
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E- |
1. |
The transferor and the transferee or their
legal representatives must sign the transfer form at the SDC and if the
transfer occurs by virtue of a general power of attorney, the power of attorney must expressly states that the
agent is authorized to sell or buy the securities (as the case maybe), and
if the power of attorney is private, it must state the type , number , name
of securities, the right in executing financial settlements. The names
mentioned in the power of attorney should be identical to their
identification documents.
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2. |
In the case that any
party of transfer is judicial entities then the authorized person to sign should
appear in person in accordance to an authorization signature certificate, he has
the right to sign on behalf of the firm to such operations. |
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F- |
1. |
The SDC shall collect a commission for the
transfer of non- traded securities as follows:
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A- |
(0.0014) fourteen per
ten thousand of the market value. |
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B- |
(0.0001) one per ten thousand of
the market value of government bonds, bonds issued by public institutions and
municipalities and corporate bonds and Islamic finance Sukuk. |
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2. |
The SDC shall collect
the commissions mentioned in paragraph (1) above with a minimum of (JOD 1.000)
one Jordanian Dinar from each party. |
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3. |
The market value mentioned in paragraph (A) is
calculated based on the last closing price of the security or the agreed
upon price whichever is higher.
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