Regulatory Alerts2019-07-16
Listing of Excillis Trading S.A.L. on the List of Financial Intermediation Institutions
The Capital Markets Authority of Lebanon has listed Excillis Trading S.A.L. as Financial Intermediation Institution No. 31, granting it authorization to provide securities advising and arranging services. This action validates the company's July 10, 2019 application against Law No. 161 of 2011 and the Board's April 2018 licensing decision. The announcement becomes effective upon publication in the Official Gazette, formally updating the regulated institutions register.
CAPITAL MARKETS AUTHORITY Announcement No. 59 The Chairman of the Capital Markets Authority, Pursuant to Law No. 161 dated 17/08/2011 on Capital Markets, Pursuant to the decision of the Board of the Capital Markets Authority No. 10/5/18 adopted in its meeting held on 16/04/2018 approving the licensing of “Excillis Trading SAL” as a Financial Intermediation Institution to provide advising and arranging services in securities business, Whereas the said company is duly registered in the Commercial Register of Beirut, Pursuant to the application sent by the said company to the Capital Markets Authority on 10/07/2019 including its request to be listed on the Financial Intermediation Institutions list, Having reviewed the submitted documents confirming that the legal conditions ofsuch listing were met, Declares as follows: Article 1: “Excillis Trading SAL” shall be listed on the Financial Intermediation Institutions list under No. 31. Article 2: This Announcement shall be published in the Official Gazette. Beirut, July 16, 2019 Chairman of the Capital Markets Authority/ Governor of the Central Bank of Lebanon Riad Toufic Salame (Signature)