Regulatory Alerts2018-06-20
Amendment to the Market Conduct Regulation Series 4000
The Capital Market Authority and Banque Du Liban issued Announcement No. 39 to amend the Market Conduct Regulation Series 4000 by adding Article 4412. Approved institutions must settle Lebanese Republic Eurobonds and foreign currency bonds within two working days (T+2), extendable to five business days (T+7) if necessary, while Lebanese Pound bonds require settlement within a maximum of T+2. Institutions exceeding these deadlines must report transaction details and corrective steps to the Financial Control Unit by the following working day, with the amendment taking effect upon official gazette publication.
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