Regulatory Alerts2019-02-04
Listing of Saradar Family Office (SFO) SAL on the List of Financial Intermediation Institutions
The Capital Markets Authority has officially listed Saradar Family Office (SFO) SAL as financial intermediation institution number 28, granting it a license to provide securities advising and arranging services. This listing follows the institution's January 14, 2019 application and confirms its compliance with all legal registration requirements under Capital Markets Law No 161. The Chairman's decision, effective upon publication in the Official Gazette, formally recognizes SFO SAL's operational status within Lebanon's financial regulatory framework.
Announcement no 50 The Chairman of the Capital Markets Authority, Pursuant to Law No 161 dated 17/8/2011 on Capital Markets, Pursuant to the decision of the Capital Markets Authority’s Board No 8/15/17 taken in its meeting held on 7/11/2017, related to the approval on granting “Saradar Family Office (SFO) SAL” a license as a financial intermediation institution to provide advising and arranging services with regards to securities business, Given that the above mentioned company is duly registered at the Commercial Register in Beirut, And upon the request filed by the institution at the CMA on 14/1/2019 and including its application for being listed as a financial intermediation institution, After reviewing the documents submitted and confirming the fulfillment of legal conditions required for such listing, Decides the following: Article 1: To list Saradar Family Office (SFO) SAL as a financial intermediation institution that will be attributed No 28. Article 2: This Announcement shall be published in the Official Gazette. Beirut, February 4, 2019 Chairman of the CMA/ Governor of Banque du Liban Riad Toufic Salame