Regulatory Alerts2022-08-29
On Amending the Licensing and Registration Regulation Series 2000
The Capital Markets Authority, in coordination with the Governor of Bank of Lebanon, issued Notice No. 86 mandating licensed financial institutions to register all persons performing organized functions under Part E of the Licensing and Registration Regulation Series 2000. The notice amends Annex 5 to define eleven key executive and operational roles, specifies their required qualification exams across financial instruments, derivatives, and business conduct, and establishes a two-year compliance window during which appointees are classified as "Supervised Persons." Failure to complete registration within this period or meet examination requirements subjects both the appointees and non-compliant institutions to suspension and enforcement actions by the Authority.