Regulatory Alerts2015-03-09
Capital Markets Authority Know Your Customer (KYC) Form Decision
Issued by the Capital Markets Authority of Lebanon, this decision mandates that financial intermediation institutions, banks, and financial entities adopt a standardized Know Your Customer (KYC) form for securities accounts. Institutions must submit the completed forms to the Authority and are granted until January 1, 2016, to apply the requirements to accounts opened prior to publication. The standardized template captures comprehensive client data, including corporate or individual identifiers, investment experience, risk capacity, and financial objectives.
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