Regulatory Alerts2020-01-16 | 13181Central Bank of Lebanon Circular No. 538 Regarding Banks' Status
The Central Bank of Lebanon, through Circular No. 538 issued by Governor Riad Salameh, officially repeals the model annexed to Basic Circular No. 7723 dated December 2, 2000. This decision effectively terminates the previous regulatory framework concerning the status of banks and financial institutions. The circular mandates that this repeal is effective as of January 31, 2020, and requires publication in the Official Gazette.
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