Regulatory Alerts2023-03-28 | 13544Investments by Residents in Securities Issued by Non-Residents
The Central Bank of Lebanon issued Circular No. 665 to amend Basic Decision No. 8052 regarding the reporting of resident investments in securities issued by non-residents. The decision mandates that financial institutions report market values rather than nominal values for all securities at quarter-end, applies to equity and debt instruments regardless of maturity or custody location, and replaces the existing respondent identification form and questionnaires Meem and Jeem with updated versions. Effective from the first quarter of 2023, these amendments standardize valuation methodologies, clarify reporting for self-custody versus deposited securities, and require submission of complete data within one month following each quarter’s close.
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