OTC trading regulations effective first week in August

AMMAN — Jordan Securities Commission (JSC) on Sunday said regulations on the trading of stocks of companies that are not listed on the Amman Stock Exchange (ASE) or delisted companies will become effective in the first week of August.

These companies’ shares, known as OTC (Over the Counter), will be traded at the ASE through financial brokers as soon as technical amendments are introduced to the electronic trading system.  JSC President Mohammad Hourani expected the move to have a positive impact on the securities market and overall trading.