Regulatory Alerts2021-04-01
Capital Markets Authority Announcement No. 71 on Clients with Securities Portfolios Outside Lebanon
The Capital Markets Authority of Lebanon requires financial institutions to liquidate or transfer clients' foreign securities portfolios upon request, directing net proceeds to either a domestic Fresh Funds account or an overseas account. Institutions must facilitate the transfer of unencumbered portfolios to a client-designated foreign institution, even when holding financial facilities secured by those pledged securities. This announcement takes effect immediately upon publication in the Official Gazette, standardizing cross-border portfolio management for Lebanese investors.
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