Regulatory Alerts2001-05-11 | 7814Implementation Regulations on Lebanese Banks Shares Issuing and Trading
The Central Bank of Lebanon issued Basic Decision No. 7814 and its Implementation Regulations to govern the issuance, listing, and trading of ordinary and preferred shares by Lebanese banks. The regulations mandate that all banks provide Medclear S.A.L. with updated shareholder registers and transfer documents within specified deadlines, while requiring prior Central Bank approval for transfers exceeding 5% ownership or involving senior executives. Furthermore, the framework establishes strict capital adequacy, reporting, and market stability obligations for banks, holding companies, and investment funds participating in or managing bank share capital.
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