Fees and Commissions updated by Announcement 78

Announcement No. 78

Concerning the cancellation of Announcement No. 2 dated March 31, 2014 and Announcement No. 9 dated January 26, 2015 concerning expenses and commissions and their collection mechanism, and replacing them with this Announcement.

Pursuant to Law No. 161 dated August 17, 2011 concerning Financial Markets, and pursuant to Capital Markets Authority Board Decision No. 21/10/22 taken in its meeting held on November 16, 2021, as follows:

We hereby notify the cancellation of Announcement No. 2 dated March 31, 2014 and Announcement No. 9 dated January 26, 2015, replacing them with this Announcement, whereby the amounts of collected commissions are increased in Lebanese Lira.

According to Annex No. 1 attached.

As stated, Beirut, on December 20, 2021 Chairman of the Capital Markets Authority / Governor of Bank of Lebanon Riad Toufic Salamé

Annex No. 1 Expenses and commissions collected in Lebanese Lira

Request No.	Type of Transaction or Request	Applicant: A) Banks	Applicant: B) Financial Institutions	Applicant: C) Securities Firms	Applicant: D) Other Institution licensed by the Capital Markets Authority
1	Request for license to conduct one of the activities related to financial instruments business	20,000,000 L.L.
2	Request for license to conduct one of the activities related to financial instruments business		3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.
3	Request for full or partial cancellation of license	(Cancelled)
4	Request for license to conduct one of the activities related to financial instruments business	4,000,000 L.L.	4,000,000 L.L.	4,000,000 L.L.	4,000,000 L.L.
5	Temporary suspension of licensed institution from work	3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.
6	Amendment or replacement of Articles of Association / Memorandum of Association	3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.
7	Request for registration of a person / transfer of registration of a person / request for review	3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.
8	Re-submission of registration request / Request for change of status of a registered person / Notification of appointment/assumption of specific duties	1,000,000 L.L.	1,000,000 L.L.	1,000,000 L.L.	1,000,000 L.L.
9	Capital increase execution process / Reconstitution	3,000,000 L.L.
10	Disengagement from shares and/or units and/or subscription rights and/or cash advances	4,000,000 L.L.
11	Change of external supervisory commissioner	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.
12	Delegation of duties to external bodies	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.
13	License and notification for financial instruments including Lebanese or foreign financial instruments and Islamic bonds: Establishment / Marketing / Promotion of financial instruments	5,000,000 L.L.	5,000,000 L.L.	5,000,000 L.L.	5,000,000 L.L.
14	License and notification for establishment and marketing/promotion of Lebanese/foreign collective investment schemes	10,000,000 L.L.	10,000,000 L.L.	10,000,000 L.L.	10,000,000 L.L.
15	License for establishment of Lebanese institutions managing collective investment schemes	10,000,000 L.L.	10,000,000 L.L.	10,000,000 L.L.	10,000,000 L.L.
16	Collective investment schemes: License for managing common investment funds or participating in managing joint investment companies	10,000,000 L.L.	10,000,000 L.L.	10,000,000 L.L.	10,000,000 L.L.
17	Securitization operations: License for establishment of Lebanese securitization schemes / Marketing of foreign securitization scheme units	8,000,000 L.L.	8,000,000 L.L.	8,000,000 L.L.	8,000,000 L.L.
18	Amendment of Lebanese securitization scheme regulations	4,000,000 L.L.	4,000,000 L.L.	4,000,000 L.L.	4,000,000 L.L.
19	Clarification request	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.
20	Extension of deadline request	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.
21	Ratification and endorsement (consolidation)	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.
22	Miscellaneous certificates and requests	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.

Annex No. 2 Commission collection procedures

1. The requesting entity intending to submit one of the transactions or requests subject to a commission must prepay the appropriate financial fee.
2. The fees and commissions specified in Annex No. 1 attached to this Announcement for each transaction or request are paid by transferring the required amount from a bank account belonging to the requesting entity to a designated bank account of the Capital Markets Authority at Bank of Lebanon, bearing the following IBAN: 1125 5001 0016 0001 0000 0999 36LB (used continuously without spaces when applied electronically).
3. The transfer is executed via the RTGS-BDL payment system, according to the adopted SWIFT message mechanism (MT20), where fields 20 and 72 display the required information as follows: Field 20: InstitutionNumber-Code of Request Field 72: /REC/TRNSF/T72/Name of requesting Institution – number of requesting Institution – Code of request (Institution category A, B,C,D plus operation type 1,2,3….) – Amount – Date of Payment For example: To pay the commission due for a license request submitted by a securities firm marketing and promoting a financial instrument established abroad, the required code is 13C. 20:020-C13 72:/REC/TRNSF/T72/ ABCDE – 020 – C13- 500000- 31.3.2014
4. The requesting entity, when submitting one of the transactions or requests to the Capital Markets Authority, must attach a bank transfer receipt confirming completion, along with a copy of the MT298 message containing the detailed information specified in paragraph 3 above.