Regulatory Alerts2018-08-07
Amendment to the Licensing and Registration Regulation Series 2000
The Capital Markets Authority, in collaboration with Banque du Liban, has amended Article 2409 of the Licensing and Registration Regulation Series 2000 to update exemption criteria for securities qualification examinations. The revised provisions grant exemptions to professionals with ten to fifteen years of sector experience who complete required lectures, branch managers appointed before September 2009 with seven years of financial sector experience, and non-executive board members. It also recognizes specific international securities and derivatives certifications, including NASD/FINRA Series 7/3, CFA levels, and equivalent GCC or European qualifications, with the amendments taking effect upon publication in the Official Gazette.
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