Amendment of Announcement No. 41 and the Licensing and Registration Regulation Series 2000

Announcement no 48
Related to the amendment of Announcement no 41 and the Licensing and Registration regulation in Capital Markets- Series 2000 Pursuant to the Law No 161 dated 17/8/2011 on Capital Markets, Pursuant to the decision of the Capital Markets Authority’s Board No 20/14/18 taken in its meeting held on 24/12/2018 We inform you of the following:
First: Paragraph (3) of Article 2501 of the Licensing and Registration regulation in Capital Markets- Series 2000 related to the Enforcement of the provisions of this Regulation as for the deadline to be extended from 31/12/2018 to 31/3/2019, as follows:
(3) Banks and financial institutions, which intend to continue to carry out securities business, are given a deadline ending on 31/03/2019 to complete the relevant file at the Capital Markets Authority, without the need for getting a new license. In order to complete the abovementioned files, all banks and financial institutions, must provide the Authority with the following:

• A duly signed document identifying the categories of activities related to
  securities business the bank/financial Institution intends to carry on.
• A report from the external auditors, accredited or not accredited, of the
  Bank/ financial institution which clearly states that each of the latter is fully compliant with all the requirements of this regulation. Second: This Announcement shall be published in the Official Gazette. Beirut, December 28, 2018 Chairman of the CMA/ Governor of Banque du Liban Riad Toufic Salame

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