Regulatory Alerts2013-06-11
Decision Number 2: Disclosure Policy for Lebanese Joint Stock Companies and Collective Investment Committees
Issued by the Capital Markets Authority and Lebanon’s Central Bank Governor, this decree mandates that Lebanese joint stock companies and collective investment committees with over twenty shareholders implement a standardized disclosure policy. The required disclosures must clearly detail capital structures, share values, operational durations, renewal procedures, and yearly financial results to enable stakeholders to fully exercise their rights. Entities must establish effective communication channels, notify the regulator of contact methods at least three months prior to use, and face administrative penalties for non-compliance within a six-month implementation window.
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