Regulatory Alerts2023-09-11 | 13578Consolidated Financial Statements and Exchange Operations at the Banks and Financial Institutions
Banque du Liban, through Intermediary Decision No. 13578, suspends the application of Articles 3 and 4 from Intermediary Decision No. 13566, and Article 1 from Intermediary Decision No. 13567, which previously amended Articles 8 and 9 bis of Basic Decision No. 6568, as well as Article 5 of Basic Decision No. 6576. This suspension clarifies the regulatory framework governing exchange operations and consolidated financial statements at Lebanese banks and financial institutions while ongoing discussions with stakeholders continue. The measure takes immediate effect upon issuance and is formally published in the Official Gazette.
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