Regulatory Alerts2018-06-22
CMA and Banque du Liban Announcement No 42 on Eurobond Mid Price for Open-Ended Fund NAV Calculation
The Capital Markets Authority and Banque du Liban require all approved financial institutions to adopt Midclear S.A.L.'s mid price for Lebanon's foreign currency bonds when calculating the Net Asset Value of their Open-Ended Collective Investment Funds. This directive implements Law No 161/2011 and CMA Board decision No 12/7/18, mandating standardized bond valuation across the sector. The announcement takes effect immediately upon its publication in the Official Gazette.
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