Regulatory Alerts2021-09-08
Capital Markets Authority Announcement No. 74 on Client Reports and Statements
The Capital Markets Authority of Lebanon permits CMA-approved institutions operating as branches or subsidiaries of foreign financial entities to issue client reports, statements of account, and contract notes directly from their parent companies or booking centers. This regulatory update, grounded in Law No. 161 and Board Decision No. 7/5/21, replaces the prior local issuance requirement with direct parent-issued documentation. The announcement takes effect immediately upon publication in the Official Gazette and applies to all relevant institutions under Series 3000 business conduct regulations.
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