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.
The MoU is integral in establishing an effective framework that will pave the way to implement global best practices in Jordan's capital market sector, with the aim to foster cross-border activities and other international relations.
The CISI will support the Jordan Capital Market practitioners to attain, maintain and develop knowledge, skills and behaviour, necessary in upholding the highest standards of professionalism and ethics in the financial services profession in the country.
With this partnership, the CISI will provide International Introduction to Securities & Investment as the core qualification in the JSC programme. The CISI will also help define the certification pathways according to functions undertaken by Jordan's capital market practitioners, provide assistance on joint action plans to build cooperation involving JSC, and invite them to annual conferences, workshops and other relevant events.
Matthew Cowan, Chartered MCSI, regional director at the CISI Middle East, said: "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. 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 behavior."
Mohammad Alborani, chief executive at the Jordan Securities Commission added: "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."
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.