Regulatory Alerts2019-06-13
Listing of Valpre Capital S.A.L. on the Financial Intermediation Institutions List
The Capital Markets Authority of Lebanon has officially listed VALPRE Capital S.A.L. as Financial Intermediation Institution No. 29, authorizing it to provide securities advising and arranging services. This designation follows the company's April 2019 board approval and submission of documentation confirming compliance with Law No. 161 on Capital Markets. The June 2019 announcement mandates publication in the Official Gazette to formalize its regulatory status and operational scope.
CAPITAL MARKETS AUTHORITY Announcement No. 57 The Chairman of the Capital Markets Authority, Pursuant to Law No. 161 dated 17/08/2011 on Capital Markets, Pursuant to the decision of the Board of the Capital Markets Authority No. 4/6/19 adopted in its meeting held on 10/04/2019 approving the licensing of “VALPRE Capital SAL” as a Financial Intermediation Institution to provide advising and arranging services in securities business, Whereas the said company is duly registered in the Commercial Register of Beirut, Pursuant to the application sent by the said company to the Capital Markets Authority on 11/06/2019 including its request to be listed on the Financial Intermediation Institutions list, Having reviewed the submitted documents confirming that the legal conditions ofsuch listing were met, Declares as follows: Article 1: “VALPRE Capital SAL” shall be listed on the Financial Intermediation Institutions list under No. 29. Article 2: This Announcement shall be published in the Official Gazette. Beirut, June 13, 2019 Chairman of the Capital Markets Authority/ Governor of the Central Bank of Lebanon Riad Toufic Salame (Signature)