Regulatory Alerts2018-06-20
Listing of RM Private Wealth Management SAL on the List of Financial Intermediation Institutions
The Capital Markets Authority has officially listed RM Private Wealth Management SAL as financial intermediation institution number 24, following the verification of its statutory application and compliance with Law No 161. This designation, supported by specific Board decisions from 2018 and 2019, formally authorizes the Beirut-registered entity to provide securities advising services. The Chairman’s directive mandates the immediate publication of this listing in the Official Gazette to finalize its regulatory standing.
Announcement No 38 The Chairman of the Capital Markets Authority, Pursuant to Law No 161 dated 17/8/2011 on Capital Markets, Pursuant to the decision of the Capital Markets Authority’s Board No 26 taken on 12/2/2018, related to the publication of the list of financial intermediation institutions for 2018, Pursuant to the decision of the Capital Markets Authority’s Board No 1/16/17 taken in its meeting held on 29/11/2019, related to the approval of granting RM Private Worth Management S.A.L a license as a financial intermediation institution to provide advising services on securities business, Given that the above mentioned company is duly registered at the Commercial Register in Beirut, And upon the request filed by the institution at the CMA on 14/5/2018 and including its application for being listed as a financial intermediation institution, After reviewing the documents submitted and confirming the fulfillment of legal conditions required for such listing, Decides the following: Article 1: To list RM Private Wealth Management SAL as a financial intermediation institution to be attributed No 24. Article 2: This Announcement shall be published in the Official Gazette. Beirut, June 20, 2018 Chairman of the CMA/ Governor of Banque du Liban Riad Toufic Salame