Regulatory Alerts2020-05-19
CMA Announcement No. 65 Amending the Licensing and Registration Regulation Series 2000 and the Offers of Securities Regulation Series 6000
The Capital Markets Authority of Lebanon issued Announcement No. 65 to amend its Licensing and Registration Regulation Series 2000 and Offers of Securities Regulation Series 6000. The amendments formally define five core securities business activities—Dealing, Advising, Arranging, Managing, and Custody—and assign specific minimum capital requirements to each license category. Additionally, the document clarifies introducing broker obligations, renumbers professional indemnity annexes, and mandates that all public and exempt securities offers be executed through approved institutions licensed for advising activities.
Share