Regulatory Alerts2016-03-21
Amendment of Decisions 4, 5, and 13
The Capital Markets Authority of Lebanon amended Decisions 4, 5, and 13 to standardize compliance, internal audit, and asset securitization requirements for joint-stock companies. The updated framework classifies firms into three categories based on market listing, shareholder count, and revenue thresholds, while explicitly permitting qualified outsourcing of compliance and audit functions. Companies must now appoint designated external auditors, notify the regulator of their selections, and submit annual compliance reports to ensure ongoing regulatory adherence.
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