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Funds and asset management refer to the professional management of various securities and assets such as stocks, bonds, real estate, and other investment instruments, on behalf of investors. In Amman, the capital of the Hashemite Kingdom of Jordan, this sector is regulated to ensure transparency, investor protection, and financial stability. Given the strategic location and growing financial markets of Jordan, Amman serves as a hub for asset management firms, investment funds, and wealth management services. The legal landscape is influenced by regional dynamics and global best practices, balancing innovation with rigorous oversight.
Engaging in funds and asset management activities can involve complex legal and regulatory challenges. Here are common situations where legal expertise is essential:
A specialized lawyer can guide you through these scenarios and help you avoid costly mistakes.
Funds and asset management in Amman are primarily governed by the Jordan Securities Commission (JSC), along with relevant laws and regulations such as the Securities Law No. 18 of 2017 and instructions related to investment funds and financial services. Here are key aspects to consider:
Understanding these regulations is crucial for anyone involved in funds and asset management in Amman.
The Jordan Securities Commission (JSC) is the primary regulator overseeing licensing, supervision, and enforcement of laws governing investment funds and asset management firms in Jordan.
Yes, any entity or individual offering asset management or establishing an investment fund must obtain the appropriate license from the JSC before operating legally in Jordan.
The regulatory framework allows for mutual funds, private investment funds, real estate funds, and exchange traded funds, each with specific regulations and requirements.
Foreign investors are welcome, but certain limitations may apply regarding ownership percentages, specific sectors, and the repatriation of profits or capital.
Local law mandates segregation of client and firm assets, regular audits, and clear disclosure of investment risks and associated fees, ensuring investor protection.
Fund managers are required to provide regular reports on fund performance, investment strategies, key risks, and portfolio changes to both investors and the JSC.
Fund managers might face regulatory penalties, litigation from investors due to mismanagement, disputes with partners, and reputational risks if legal requirements are not met.
Strict anti-money laundering (AML) protocols are in place, requiring firms to verify client identities, monitor transactions, and report suspicious activities to authorities.
Establishing a fund involves submitting a detailed application, meeting minimum capital requirements, drafting legal documents, and obtaining approval from the JSC.
Yes, but foreign funds must comply with local marketing, disclosure, and licensing requirements before offering their products to Jordanian investors.
For further information and support regarding funds and asset management in Amman, you may consult the following:
If you require legal assistance regarding funds and asset management in Amman, start by clearly defining your goals, whether you are launching a fund, seeking compliance support, or resolving a dispute. Gather all relevant documentation including business plans, investment strategies, and any correspondence with regulators. Reach out to a qualified local lawyer or a firm that specializes in financial services law. Schedule an initial consultation to discuss your needs, timelines, and expected outcomes. A legal professional can help you understand your rights and responsibilities, guide you through regulatory procedures, and represent your interests in dealings with authorities or third parties.
Taking these steps will ensure you move forward with confidence and compliance, minimizing risks and maximizing your opportunities in the funds and asset management sector in Amman.
