Announcement No. 82 Related to the Cancellation of Announcement No. 78 Dated 20 December 2021

Announcement No. 82 Related to the cancellation of Announcement No. 78 dated 20 December 2021 concerning expenses and fees and the mechanism for their collection, replacing it with this announcement. Pursuant to Law No. 161 dated 17 August 2011 concerning Financial Markets, and pursuant to Article 23 of Decision No. 2000/10/22 of the Capital Markets Authority Board, and pursuant to Decision No. 21/10/22 of the Capital Markets Authority Board, taken in its session held on 16 November 2021, and pursuant to Decision No. 21/11/20 of the Capital Markets Authority Board, taken in its session held on 14 December 2021.

The following is hereby notified: First, Announcement No. 78 dated 20 December 2021 is hereby cancelled and replaced by this announcement, whereby the annual maintenance fee (fee maintenance) shall be added: According to Annex No. 1 attached hereto.

Second, this announcement shall take effect immediately upon its publication in the Official Gazette. Beirut, 31 January 2022 Chairman of the Capital Markets Authority / Governor of Banque du Liban Riad Tawfiq Saleh

Annex No. 1 Expenses and fees collected in Lebanese Lira

Request No.	Type of Transaction or Request	Applicant (A) Banks	Applicant (B) Financial Institutions	Applicant (C) Securities Firms	Applicant (D) Other Institutions Licensed by the Capital Markets Authority
1	License to conduct private business activities related to financial instruments	20,000,000 L.L.	-	-	-
2	License for one of the activities related to private business activities concerning financial instruments	3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.
3	Annual maintenance fee (for each specified activity)	1	3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.
4	Request for cancellation of license of a fully or partially licensed institution	-	4,000,000 L.L.	4,000,000 L.L.	4,000,000 L.L.
5	Institution temporarily suspended from operation	-	3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.
6	Amendment or replacement of the Articles of Association / Memorandum of Association	-	3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.
7	Request for registration of a person performing duties / Transfer of registration	-	3,000,000 L.L.	3,000,000 L.L.	3,000,000 L.L.
8	Re-submission of registration request for a person / Request to change the status of a registered person / Notification of appointment/assumption of a specific role by a person	-	1,000,000 L.L.	1,000,000 L.L.	1,000,000 L.L.
9	Execution of capital increase process / Reorganization	-	3,000,000 L.L.	-	-
10	Release of shares and/or quotas and/or subscription rights and/or cash advances	-	4,000,000 L.L.	-	-
11	Change of external audit supervisor	-	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.
12	Delegation of tasks to external bodies	-	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.
13	License and notification regarding financial instruments including Islamic bonds: Establishment / Marketing / Promotion of Lebanese or foreign financial instruments	-	5,000,000 L.L.	5,000,000 L.L.	5,000,000 L.L.
14	License and notification regarding establishment and marketing/promotion of Lebanese/foreign collective investment schemes	-	10,000,000 L.L.	10,000,000 L.L.	10,000,000 L.L.
15	Amendment of characteristics of Lebanese/foreign collective investment schemes/funds	-	4,000,000 L.L.	4,000,000 L.L.	4,000,000 L.L.
16	License for establishment of Lebanese institutions managing collective investment schemes	-	10,000,000 L.L.	10,000,000 L.L.	10,000,000 L.L.
17	Collective investment schemes: License to manage mutual funds or participate in managing joint stock companies	-	10,000,000 L.L.	10,000,000 L.L.	10,000,000 L.L.
18	Securitization operations: License for establishment of Lebanese securitization bodies / Marketing of quotas of foreign securitization bodies	-	8,000,000 L.L.	8,000,000 L.L.	8,000,000 L.L.
19	Amendment of the system of Lebanese securitization bodies	-	4,000,000 L.L.	4,000,000 L.L.	4,000,000 L.L.
20	Request for clarification	-	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.
21	Request for extension of deadline	-	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.
22	Approval and endorsement (consolidation)	-	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.
23	Other miscellaneous notifications and requests	-	2,000,000 L.L.	2,000,000 L.L.	2,000,000 L.L.

Note: Paid during the month of January each year.

Annex No. 2 Fees collection procedures

1. The requesting entity intending to submit one of the transactions or requests subject to a fee shall prepay the appropriate financial amount.
2. The fees and charges specified in Annex No. 1 attached to this announcement for each transaction or request shall be paid by transferring the required amount from a bank account owned by the requesting entity to a bank account owned by the Capital Markets Authority, designated for this purpose at Banque du Liban, bearing the following IBAN: 1125 5001 0016 0001 0000 0999 36LB (to be used continuously without spaces when applied electronically).
3. The transfer shall be executed through the RTGS-BDL payment system, in accordance with the mechanism adopted by the aforementioned system, and a SWIFT 202MT message shall be sent, showing fields 20 and 72 with the required information as follows: Field 20: InstitutionNumber-Code of Request Field 72: /REC/TRNSF/T72/Name of requesting Institution – number of requesting Institution – Code of request (Institution category A, B,C,D plus operation type 1,2,3….) – Amount – Date of Payment Example: To pay the fee for a license request submitted by a securities firm to market and promote a financial instrument established abroad, the required code is C13. 20:020-C13 72:/REC/TRNSF/T72/ ABCDE – 020 – C13- 5000000- 31.1.2022
4. The requesting entity, when submitting to the Capital Markets Authority one of the transactions or requests, shall attach a bank receipt proving completion of the required transfer (a copy of MT 298 message containing the detailed information specified in paragraph 3 above).