Regulatory Alerts2022-06-14
On Amending the Licensing and Registration Regulation Series 2000
The Capital Market Authority and the Governor of the Central Bank of Lebanon issued Notice No. 85 to amend the Licensing and Registration Regulation Series 2000 under Law No. 161. The amendment adds a mandatory sanctions-screening requirement to Article 2205, ensuring that shareholders, beneficial owners, directors, and senior executives involved in financial instruments are not listed on local or international sanctions lists. It also updates Annex 2 to specify acceptable identity and commercial registration documentation for founders and executives, with the notice taking immediate effect upon publication in the Official Gazette.
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