Regulatory Alerts2023-04-05
On Amending the Licensing and Registration Regulation Series 2000, Related to Change of Capital Requirements for Approved Institutions
The Capital Markets Authority (CMA) issued Notice No. 93 to amend Article 2103 of the Licensing and Registration Regulation Series 2000 by increasing the minimum capital requirements for licensed financial institutions based on their specific activities, ranging from 1.5 billion to 60 billion Lebanese Lira. Licensed institutions must increase their capital to meet these new thresholds and obtain CMA approval within a maximum period of six months from the notice's issuance date. The amended regulation explicitly defines trading, advisory, arranging, management, and custody activities, while clarifying that certain custody services remain excluded unless separately licensed.
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