Regulatory Alerts2024-02-06
Informing the CMA of All Institutions or Persons Acting as Introducing Brokers
The Capital Markets Authority of Lebanon, through Information No. 96 issued by Acting Governor Dr. Wissam Mansouri on February 6, 2024, mandates all licensed institutions to fully comply with Article 2104 by notifying the Authority of every company and person acting as an Introducing Broker on their behalf, while ensuring transparent client disclosure of associated commissions. Should licensed institutions fail to submit these notifications, the CMA Board is empowered to enforce appropriate corrective measures against them under Article 2501 of the Capital Markets Licensing and Registration System. This directive takes immediate legal effect upon its publication in the Official Gazette, reinforcing regulatory oversight of introducing brokerage activities.