Regulatory Alerts1995-09-07 | 5996Licensing Banks Operating in Lebanon to Act as Brokers/Intermediaries on the Beirut Stock Exchange
The Central Bank of Lebanon issued Basic Decision No. 5996 to authorize domestic banks to act as brokers or intermediaries on the Beirut Stock Exchange. The decision mandates that non-specialized banks establish separate accounts, dedicated specialized units, and use their own funds for brokerage lending while complying with Financial Markets Authority regulations. It also exempts specialized banks from prior approval and ensures joint regulatory oversight by the Banking Supervision Committee and the Financial Markets Authority.
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