Regulatory Alerts2024-06-27 | 13649Communicating to Banque du Liban the Names of Shareholders and Persons Holding Managerial Positions
Banque du Liban's Acting Governor issued Interim Decision No. 13649 to amend Basic Decision No. 13638, requiring all regulated banks, financial institutions, and related entities to submit shareholder and managerial personnel data in English using five standardized templates. The decision mandates that these institutions provide the specified information to the Legal Affairs Department immediately upon issuance and orders its publication in the Official Gazette. This amendment operationalizes the reporting framework under Article 70 of the Monetary and Credit Law to standardize regulatory data collection.
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