Regulatory Alerts2013-06-11
Disclosure Policy for Joint Stock Companies and Collective Investment Committees with Negotiable Shares
The Chairman of the Capital Markets Authority and Governor of Lebanon’s Central Bank mandate Joint Stock Companies and Collective Investment Committees with over twenty shareholders to adopt a Disclosure Policy ensuring robust corporate governance. These entities must submit their finalized policies and amendments to the regulator within specified deadlines, promptly disclose material information affecting market value, and correct any inaccuracies. Violations incur administrative penalties under financial market laws, with full implementation required within six months of the decree's publication in the Official Journal.
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