Communicating to Banque du Liban the Names of Shareholders and Persons Holding Managerial Positions

Basic Circular No. 168

To Banks and Financial Institutions, Finance Leasing Companies, Institutions Issuing and Promoting Payment or Credit Cards, Institutions Engaging in Financial and Banking Operations via Electronic Means, Money Exchange Institutions, and Lending Comptoirs:

We submit to you a copy of Basic Decision No. 13638 dated 4/6/2024 regarding communicating to Banque du Liban the names of shareholders and persons holding managerial positions.

Beirut, 4 June 2024
Acting Governor of Banque du Liban
Dr. Wissam Mansouri

Basic Decision No. 13638
Providing Banque du Liban with the Names of Shareholders and Persons Holding Managerial Positions

The Acting Governor of Banque du Liban,
Pursuant to the provisions of the Monetary and Banking Law, particularly Article 70 thereof; Pursuant to the provisions of Anti-Money Laundering and Counter-Terrorist Financing Law No. 44 dated 24/11/2015; Pursuant to the provisions of Basic Decision No. 12147 dated 22/12/2015 regarding the implementation of United Nations Security Council Resolutions No. 1267 (1999), No. 1988 (2011), and No. 1989 (2011) and subsequent resolutions, subject of Basic Circular No. 136; Pursuant to the provisions of Basic Decision No. 12253 dated 3/5/2016 regarding procedures for dealing with the US Law issued on 18/12/2015 and its implementing regulations concerning preventing the entry of "Hezbollah" into foreign financial institutions and other institutions subject to Basic Circular No. 137; Pursuant to the recommendations of the Financial Action Task Force (FATF); Pursuant to the decision of the Central Council of Banque du Liban taken in its meeting held on 28/5/2024,

Decrees as follows:

Article 1: All institutions subject to prior licensing by Banque du Liban, particularly Banks, Financial Institutions, Finance Leasing Companies, Institutions Issuing and Promoting Payment or Credit Cards, Institutions Engaging in Financial and Banking Operations via Electronic Means, Money Exchange Institutions, and Lending Comptoirs, shall provide the Legal Affairs Department at Banque du Liban with an updated list organized according to the EXCEL format, via email (lb.gov.bdl@legalsec), within a maximum deadline of 30/6/2024, including the full name and date of birth for each of the following:

• Shareholders and partners (as applicable) holding more than 5% of shares or units.
• Beneficial owners who hold and/or effectively control more than 5% of shares or units.
• The Chairman and members of the Board of Directors.
• All persons holding a position in Senior Executive Management.
  Banque du Liban may also request the names of shareholders, partners, and beneficial owners holding less than 5% of shares or units if the bank is not listed on the stock exchange. In case the bank is listed on the stock exchange, Banque du Liban may request the names of shareholders, partners, and beneficial owners holding more than 2% of shares or units.

Article 2: Banks, companies, and institutions referred to in Article 1 above shall provide the Legal Affairs Department at Banque du Liban with a new list upon any amendment to the previously submitted lists, within a deadline of one week from the date of any change requiring an amendment to the aforementioned lists.

Article 1 bis: All institutions referred to in Article 1 above shall provide the Legal Affairs Department at Banque du Liban with the required information stipulated in Articles 1 and 2 above, in English and according to Forms (1) through (5) attached. (Added by Intermediate Decision No. 13649 dated 27/6/2024 (Intermediate Circular No. 702).)

Article 3: The Legal Affairs Department at Banque du Liban shall periodically verify whether the aforementioned names are not listed on any international, national, or UN sanctions lists.

Article 4: Banks, companies, and institutions referred to in Article 1 above shall comply with the provisions of this Decision under penalty of revocation of their granted license.

Article 5: This Decision shall take effect upon its issuance.

Article 6: This Decision shall be published in the Official Gazette.
Beirut, 4 June 2024
Acting Governor of Banque du Liban
Dr. Wissam Mansouri

1- Chairman & Board Members
Type of Institution*: 1-Bank, 2-Financial Institution, 3-Money Dealer, 4-Money Remittance Company, 5-Specialized Lending (Comptoir) Name of Institution: [Field] First Name | Father Name | Family Name | Date of Birth | Position

2- Higher Executive Management Positions
Type of Institution*: 1-Bank, 2-Financial Institution, 3-Money Dealer, 4-Money Remittance Company, 5-Specialized Lending (Comptoir) Name of Institution: [Field] First Name | Father Name | Family Name | Date of Birth | Position

3- Shareholders-Natural Persons
Type of Institution*: 1-Bank, 2-Financial Institution, 3-Money Dealer, 4-Money Remittance Company, 5-Specialized Lending (Comptoir) Name of Institution: [Field] First Name | Father Name | Family Name | Date of Birth | Number of Shares | % of Total Shares

4- Shareholders-Legal Persons
Type of Institution*: 1-Bank, 2-Financial Institution, 3-Money Dealer, 4-Money Remittance Company, 5-Specialized Lending (Comptoir) Name of Institution: [Field] Name of Legal Person | Type of Legal Person | Date of Establishment | Number of Shares | % of Total Shares Companies-Shareholders:
Name of the Company | First Name | Father Name | Family Name | Date of Birth | Number of Shares in the Company | % of Total Shares in the Company

5- Beneficial Owners
Type of Institution*: 1-Bank, 2-Financial Institution, 3-Money Dealer, 4-Money Remittance Company, 5-Specialized Lending (Comptoir) Name of Institution: [Field] First Name | Father Name | Family Name | Date of Birth | Explanation (BO through direct ownership, or indirect ownership through a Legal Person, or control through other means)

(Note: All forms added by Intermediate Decision No. 13649 dated 27/6/2024 (Intermediate Circular No. 702).)