Regulatory Alerts2020-06-30
Adoption of a Quick Procedure to Obtain Approval on Securities Offers
The Capital Markets Authority of Lebanon has implemented a streamlined electronic submission process for securities offer approvals. Securities institutions may electronically file signed offer documents in exceptional cases, provided they submit a justification and meet all applicable regulatory standards. This quick procedure takes effect immediately upon publication in the Official Gazette.
CAPITAL MARKETS AUTHORITY Announcement No. 66 On the adoption of a quick procedure to obtain approval on securities offers Pursuant to Law No. 161 dated 17/08/2011 on Capital Markets, And pursuant to the decision of the Board of the Capital Markets Authority No. 4/7/20 adopted in its meeting held on 16/06/2020, We advise you of the following: First: All institutions that carry out securities business may electronically send the securities offers documents to obtain the approval of the Capital Markets Authority, in exceptional cases as approved by the Authority based on a justification by the institution, provided that these documents are signed by the institution and meet all the requirements of the offers of securities regulation and / or the collective investment schemes regulations. Second: This announcement shall enter into force upon its publication in the Official Gazette.
Beirut, June 30, 2020 Chairman of the Capital Markets Authority/ Governor of the Central Bank of Lebanon Riad Toufic Salame (Signed)