Regulatory Alerts2016-09-29
Decision No. 24 on Qualifications for Registrable Functions in Securities
The Capital Markets Authority of Lebanon issued Decision No. 24 to mandate qualification standards for individuals performing ten designated registrable functions within approved securities institutions. Applicants must prove they are fit and proper persons by passing prescribed examinations or securing exemptions based on prior financial experience, recognized certifications, or previous central bank registrations. Approved institutions must manage the application process, ensure role-specific restrictions are met, and promptly notify the Authority of any vacancies or personnel changes.
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