Regulatory Alerts2018-05-31
CMA Announcement No 36 on Email Notification of Board Decisions
The Capital Markets Authority and Banque du Liban mandate that all Board Decisions be formally notified via email from the General Secretariat, with compliance deadlines commencing upon receipt. Recipients may obtain hard copies of these decisions directly from the CMA, while the announcement itself takes legal effect upon its publication in the Official Gazette. This directive standardizes official communications and ensures timely regulatory compliance across banks, specialized financial institutions, and intermediaries.
Announcement no 36 Addressed to Banks, Specialized Banks, Financial Institutions and Financial Intermediary Institutions
Pursuant to Law No. 161 dated 17/8/2011 on Capital Markets, Pursuant to the decision of the Board of the Capital Markets Authority No. 18/6/18 taken in its meeting held on 21/5/2018, “Would like to inform you of the following: First: All Capital Market Authority Board Decisions shall be notified by e-mail issued by the General Secretariat at the CMA. The time limit for complying with the said decisions shall come into effect as of the date of receipt of the e-mail. The party, to whom the Board Decision has been directed to, may receive a hard copy of the decision from the General Secretariat at the CMA.“ Second: This Announcement shall enter in force upon its publication in the Official Gazette. Beirut, May 31, 2018 Chairman of the CMA/ Governor of Banque du Liban Riad Toufic Salame