Regulatory Alerts2018-11-29
De-Listing of Aksys Capital SAL from the List of Financial Intermediation Institutions
The Capital Markets Authority of Lebanon has officially written off Aksys Capital S.A.L. from its Financial Intermediary Institutions list following the company's formal request and board approval. This de-listing, registered under number 14, satisfies all statutory criteria outlined in Law No. 161 of 2011 and Decision No. 26 of 2018. The Chairman's November 29, 2018 announcement mandates immediate publication in the Official Gazette to finalize the institution's regulatory status.
Announcement No 47 The Chairman of the Capital Markets Authority, Pursuant to Law No. 161 dated 17/8/2011 on Capital Markets, Pursuant to decision No. 26 dated 12/2/2018 related to the publication of the list of Financial Intermediary Institutions for the year 2018, Pursuant to the decision of the Capital Markets Authority’s Board No. 5/9/18 taken in its meeting held on 30/7/2018 related to the approval of the writing-off of “Aksys Capital S.A.L.” from the list of Financial Intermediary Institutions, Pursuant to the request submitted by “Aksys Capital S.A.L.” to the Capital Markets Authority on 16/11/2018 regarding its writing-off from the list of Financial Intermediary Institutions, And after reviewing the documents submitted to the Capital Markets Authority and confirming that the legal requirements for the said writing off are met. Decides the following: First: "Aksys Capital S.A.L." registered under number 14 on the list of Financial Intermediary Institutions shall be written-off from said list. Second: This announcement shall be published in the Official Gazette. Beirut, 29 November 2018 Chairman of the CMA/ Governor of Banque Du Liban Riad Toufic Salame