Regulatory Alerts2018-12-28
Amendment of Announcement No. 41 and the Licensing and Registration Regulation Series 2000
The Capital Markets Authority, in collaboration with Banque du Liban, has issued Announcement No. 48 to extend the licensing compliance deadline for banks and financial institutions from December 31, 2018, to March 31, 2019. Institutions must submit a signed document detailing their intended securities activities alongside an external auditor’s report confirming full regulatory compliance. This extension allows these entities to finalize their licensing files without obtaining a new license, thereby ensuring continuous operation under the amended Series 2000 regulations.
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