Ammon News - The Governor of the Central Bank of Jordan (CBJ) decided to extend the deadline granted to finance companies to adjust their status in accordance with the provisions of the Finance Companies Regulation No. (107) of 2021 and its amendments to end on July 13, 2025, in accordance with the provisions of Article (20/b/2) of the regulation.

In a related context, the Finance Companies System issued in 2021 granted finance companies a two-year period from its effective date, which was May 30, 2022, to adjust their conditions in accordance with its provisions in order to ensure a smooth transition to implementing the aforementioned system.

Thus, the CBJ has extended the deadline for regularizing the status of these companies twice in a row, in order to provide more time for existing companies to complete the requirements for regularizing their status, in a way that ensures the preservation of their legal positions and the protection of the rights of those dealing with them, leading to facilitating the practice of business and enhancing the status of the sector locally and abroad.

This extension comes following the issuance of the amended system of the Finance Companies System, which was published in the Official Gazette on December 31, 2024. Among the amendments included was granting the CBJ's Governor the authority to extend the period for adjusting the situation for additional periods not exceeding a total of one year.