Regulatory Alerts2018-06-01 | 12823Central Bank of Lebanon Circular No. 495: Amendment of Fundamental Decision No. 7493 on Financial Operations and Activities in Financial Markets
The Central Bank of Lebanon issued Circular No. 495 to amend Fundamental Decision No. 7493, imposing strict regulatory oversight by the Capital Market Authority on banks and financial institutions conducting financial market operations. The decision mandates the establishment of specialized units for structured products and derivatives, requires dedicated accounts for client transactions, and sets capital and governance prerequisites for managing mutual funds. These measures aim to enhance market integrity and ensure compliance with Lebanese financial laws and regulatory standards.
Circular No. 495
For Banks and Financial Institutions
We wish you a good day.
Circular No. 12823 dated 1/6/2018 regarding the amendment of Fundamental Decision No. 7493 dated 24/12/1999 (Financial Operations and Activities in Financial Markets) attached to Fundamental Circular No. 66.
Beirut, June 1, 2018
Governor of the Central Bank of Lebanon
Riad T. Salam