Regulatory Alerts2019-08-22
Amendment to the Business Conduct Regulation (Capital Markets Series 3000)
The Capital Markets Authority of Lebanon amends Article 3506 of its Business Conduct Regulation to mandate that approved institutions receive client funds exclusively through cheques, certified cheques, electronic transfers, or POS machines. This amendment restricts permissible payment methods to ensure standardized fund handling across regulated entities. The revised provision takes effect immediately upon its publication in the Official Gazette.
Share