Regulatory Alerts1997-01-28 | 6464Brokerage Activities
The Central Bank of Lebanon issued Basic Decision No. 6464, requiring banks, financial institutions, and brokerage firms to submit daily transaction statuses before 10:00 AM on the following business day and monthly statements within three business days of the subsequent month. The directive mandates that these reports be provided directly or via organized Lebanese markets, such as the Beirut Stock Exchange, using standardized forms. Furthermore, it clarifies that resident versus non-resident classifications must align with the source of purchase or sales orders, as stipulated in Basic Circular No. 24.
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