Regulatory Alerts2017-10-28
Amendments to the Licensing and Registration Regulation Series 2000 and Repeal of Decision No 24 on Securities Qualifications
The Capital Markets Authority of Lebanon has amended its Licensing and Registration Regulation Series 2000 and repealed Decision No 24 to standardize qualification requirements for registered securities functions. The updated regulations define fit-and-proper criteria, registration procedures, and enforcement powers while granting exam exemptions to experienced professionals and holders of recognized international certifications. Existing financial institutions must submit compliance reports and register their personnel by December 31, 2017 to maintain authorization for conducting securities business.
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