Regulatory Alerts2014-02-10
CMA Decision on Collective Investment Schemes
The Capital Markets Authority of Lebanon issues Decision Number 14 to establish comprehensive licensing and operational frameworks for collective investment schemes, funds, and companies. The regulation mandates minimum capital thresholds, independent administrator and custodian roles, strict asset segregation, and standardized monthly or daily net asset value calculations for unlisted securities. Administrators must comply with investment concentration limits, borrowing caps, shareholder notification thresholds exceeding five percent, and rigorous financial reporting to ensure investor transparency.
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