Regulatory Alerts2014-11-27
Amendment of Decision 16 on Financial Instruments and Products
The Capital Markets Authority of Lebanon amends Decision 16 to require financial intermediation institutions to secure licensing before issuing or promoting shares, bonds, derivatives, and structured products. The updated rules introduce a two-week implicit approval process for licensing applications while mandating full transparency through explicit instrument definitions, revenue calculations, risk disclosures, and client agreements. Furthermore, regulated entities must submit monthly operational reports to the Capital Markets Authority to maintain compliance with these revised financial product regulations.
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