UK-based financial standard bearer to collaborate with Jordan Securities Commission

Chartered Institute for Securities & Investment will help to implement global best practices in Jordan’s capital market sector

The Jordanian capital, Amman. The kingdom gets $166m in funding from the IMF after its second economic review. EPA

The UK-based Chartered Institute for Securities & Investment (CISI), a leading professional body for securities, investments, wealth and financial planning professionals, signed a preliminary agreement with the Jordan Securities Commission (JSC), the entity responsible for Jordan's capital market activities.

The move comes as the JSC forecasts "a more robust investment environment in the region" and will help to establish a framework to implement global best practices in Jordan’s capital market sector, to foster cross-border activities and other international relations.

Based in the city of London, with origins in the London Stock Exchange, the CISI is the professional body which sets examinations and offers qualifications for those working, or looking to establish a career in the financial planning, wealth management and capital markets profession.

It is a global organisation with representative offices in financial centres such as Barcelona, Colombo, Dubai, Dublin, Edinburgh, London, Manila, Mumbai, Nairobi and Singapore.

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The CISI will support the Jordan Capital Market professionals in understanding and upholding standards of professionalism and ethics in financial services in the country.  
With the agreement, the CISI will provide International Introduction to Securities & Investment as the core qualification in the JSC programme.

“It has always been part of our mission to raise international standards within the financial services profession, and our latest collaboration with JSC cements our commitment to contributing to the growth of the profession on a regional and global scale," said Matthew Cowan, Chartered MCSI, Regional Director at the CISI Middle East.  "As a result of this MoU, financial service professionals in Jordan will have the opportunity to gain internationally recognised qualifications through the CISI, enhancing professionalism through a combination of knowledge, skills and behaviour.”

Mohammad Alborani, chief executive of the JSC, said: “The signing of the MoU is the first step in our pursuit of further encouraging investment from intra-regional and foreign investors. As we foresee a more robust investment environment in the region, our collaboration with the CISI will not only keep us up with international best practices but will also facilitate active integration of the highest standards of ethics and integrity into our regulatory activities.”

Mr Cowan added that the CISI would enable JSC members to fully understand the importance of trust and best-in-class qualifications, thus leading to a more solid regulatory framework.