Regulatory Alerts2011-08-17
Law No. 160 on Prohibiting Exploitation of Inside Non-Public Information in Capital Markets
Issued by Lebanon's President and Prime Minister, Law No. 160 prohibits natural and legal persons from exploiting inside non-public information when trading financial instruments in organized markets. The statute defines qualifying information and instruments, extends restrictions to directors, employees, auditors, and knowledgeable third parties, and carves out specific monetary policy exemptions. Non-compliance triggers criminal penalties of one to three years imprisonment and fines equal to two to ten times realized gains, alongside potential professional bans and concurrent administrative sanctions.
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