Regulatory Alerts2017-12-14
Related to Existing Financial Intermediary Institutions
The Capital Markets Authority and Banque du Liban have issued this announcement to formally approve registered financial intermediation institutions for conducting operations on financial instruments under the Licensing and Registration Regulation (Series 2000). These institutions must comply with Series 2000 provisions by submitting a signed document detailing their activity categories and allocated minimum capital, alongside professional indemnity insurance coverage of at least two billion Lebanese Pounds or their allocated business capital. They must also provide a signed external auditor report confirming full regulatory compliance before the announcement takes effect upon its Official Gazette publication.
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