Regulatory Alerts1999-11-23 | 7462Regulations for the Real Estate Investments and Participations of Banks
Banque du Liban issued Basic Decision No. 7462 to implement comprehensive regulations governing banks' direct real estate investments and participations in real estate companies. The framework mandates prior approval from the Banking Control Commission for property acquisitions, appraisals, and capital allocations, while establishing strict accounting rules, depreciation provisions, and ownership thresholds of at least 51% for voluntary participations. It further standardizes mandatory asset transfers, rental valuation mechanisms, and sales execution in US Fresh Dollars via the Sayrafa platform to ensure financial stability and regulatory compliance.
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