Regulatory Alerts2019-11-19 | 13149Added · Updated
Central Bank Decision No. 13149 Amending Decision No. 7776 on Credit, Investment, and Participation Operations
The Governor of the Central Bank of Lebanon issued Decision No. 13149 to amend Decision No. 7776 regarding credit, investment, and participation operations. The amendment establishes a maximum deadline of December 31, 2020, for banks in violation of the regulation to regularize their status, with a provision allowing those unable to comply to petition the Central Council before that date. This decision entered into force immediately upon issuance and was published in the Official Gazette.
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