Regulatory Alerts2017-11-28
Repeal of Decision No. 16 on Financial Instruments and Products and Use of Series 6000
The Capital Markets Authority of Lebanon has repealed Decision No. 16 and replaced its provisions with the Offer of Securities regulations (Series 6000). Affected financial institutions must now submit monthly statements detailing the status and subscription volumes of their instruments using a standardized template. This announcement takes effect immediately upon its publication in the Official Gazette.
Announcement no 26 On the repeal of Decision no 16 taken on November 27, 2014 (on financial instruments and products) Pursuant to the Law No 161 dated 17/8/2011 on capital markets, Pursuant to the decision of the Capital Markets Authority’s Board No 8/10/17 taken in its meeting held on August 7, 2017, Pursuant to the decision of the Capital Markets Authority’s Board No 11/15/17 taken in its meeting held on November 7, 2017, Pursuant to the announcement 22 of 20/6/2017 on the implementation of the implementing regulations and decisions issued by the CMA, We inform you of the following: First: Decision no 16 taken on November 27, 2014 on financial instruments and products is repealed and replaced with the provisions included in the “Offer of Securities regulation- Series 6000” published in the Official Gazette no33 on 27/7/2017, whereas institutions concerned by the repealed decision continue to provide the Communication and Research Department at the CMA with a monthly statement about the status and volume of operations on the financial instruments in accordance with the template attached thereto. Second: This announcement enters into force upon its publication in the Official Gazette. Beirut, November 28, 2017 Chairman of the CMA/ Governor of Banque du Liban Riad Salame
2 Monthly Statement about the Evolution of the Status of a Financial Instrument/ Program and Volume of Subscription As on: Institution name: Registration Number in the Central Bank of Lebanon / Capital Markets Authority: Currency Instrument Name/ Certificate Program Financial instrument or indices or program or debts related thereto Subscription Volume of reimbursements Volume of amounts guaranteed by the institution Subscription volume in initial marketing Subscription balance at the end of the month Current number of subscribers At the request of the customer At the request of the institution
Note: This template should be sent:
- In a hard copy
- On a CD
- By email at research@cma.gov.lb