Regulatory Alerts2022-06-14
On Amending the Collective Investment Scheme Regulations Series 8000
The Capital Markets Authority, via Notice No. 83 signed by Governor Riad T. Salame, amends Article 8102 and Annex No. 4 of the Collective Investment Scheme Regulations Series 8000 to clarify licensing and reporting obligations. The amendment establishes that licensed institutions providing advisory or dealing services regarding Lebanese collective investment schemes are exempt from prior Capital Markets Authority approval for both public and exempt offerings, regardless of whether the schemes are domestic or foreign. Additionally, it mandates that licensed institutions submit a monthly report detailing subscription and redemption operations for all sold foreign schemes and sub-funds within ten days of each month’s end.
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