Enhance the confidence of investors in securities and enable them to follow up their investments with ease by establishing a central registry to safe-keep the ownership of securities.
Reduce risks related to settlement of trading transactions executed through the market by implementing by-laws, instructions and procedures that are fair, fast and safe.
Functions and services
The SDC, which has a legal personality with financial and administrative autonomy is the only entity in Jordan that is legally empowered by the Securities Law of 2002 to oversee the following responsibilities:-
Registration of securities
Deposit of securities
Transfer of ownership and safekeeping of securities
In order for the SDC to perform its operations, it was necessary to establish a central registry and depository of authenticated shareholders along with a central settlement process. This ensures that the shareholders registers of all public shareholding companies are held and maintained at the SDC in electronic form. The SDC is one of the major institutions in the Jordan Capital Market as it holds the ownership registers of all issued shares. It has been assigned, in cooperation with the JSC and the ASE, the task of developing the Jordan Capital Market. In addition to the SDC's responsibilities that are assigned by virtue of the Securities Law, the SDC performs the following tasks in order to fulfill its goals:
Supervision and monitoring the SDC's members' activities related to the SDC.
Set and apply rules related to the SDC's facilities and how to benefit from its services.
Express opinion on legislations and its amendments that related to the SDC's works and propose legislations and procedures to guarantee protection the investors, the owner of the securities.
Issuing reports and publish information and statistics about the SDC's activities
Establish cooperative relations with other securities depository centers and Arab, regional and international organizations in the securities field and conclude agreements to serve the objectives of the SDC.
