Regulatory Alerts2021-02-15
Capital Markets Authority Announcement No. 70 Amending the Offers of Securities Regulation Series 6000
The Capital Markets Authority of Lebanon issued Announcement No. 70 to amend the Offers of Securities Regulation Series 6000, establishing updated notification timelines and disclosure requirements for exempt securities offerings. Issuers and approved institutions must now submit written notices with comprehensive disclosure documents to the Authority within fourteen days of subscription, while the Authority retains review powers to prohibit or cancel offers that fail public interest tests. The amendments also standardize disclosure for multi-series securities with variable market terms, update private placement memorandum filing procedures, and replace Annexes 4 and 5 with detailed templates for structured products and equity or debt private placements.