Regulatory Alerts2014-04-28
Amendment of Decision 10 on Financial Intermediation Operations
The Capital Markets Authority of Lebanon amends Decision 10 by replacing its title and completely revising Article 9 to impose eight specific operational, reporting, risk disclosure, and governance obligations on financial intermediation institutions operating in the country. Institutions must now provide periodic account statements, ensure direct document delivery for introducing brokers, publish accurate financial reports, and include explicit risk warnings in client contracts. Additional requirements mandate an autonomous unit for statement issuance, transaction confirmation with correspondents, recorded client phone orders, and periodic suitability assessments based on comprehensive investor profiles.
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