Regulatory Alerts2016-08-09
Decision Number 22 on the Prohibition of Price Manipulation in Securities Business
The Capital Markets Authority and Central Bank of Lebanon issued Decision Number 22 to prohibit manipulative and deceptive trading practices that distort securities prices in Lebanon. The regulation defines prohibited acts such as fictitious trades, wash sales, layering, and successively priced orders, while mandating that approved institutions ensure fair principal pricing, transparent fee disclosure, and restricted counterparty trading for managed funds. Violations by any person or entity trigger administrative sanctions under Capital Markets Law 161 of 2011, with the decision taking effect upon official publication.
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