Regulatory Alerts2019-03-05
De-Listing of Premium Capital Group SAL from the List of Financial Intermediation Institutions
The Capital Markets Authority has officially delisted Premium Capital Group SAL from the financial intermediation companies list after confirming compliance with all statutory licensing requirements. This administrative action, executed under Law No 161 and Board Decision No 12/3/2019, removes the entity from registration number 18 and finalizes its regulatory transition. The formal decision takes effect immediately and will be published in the Official Gazette to ensure public notice.
Announcement no 52 The Chairman of the Capital Markets Authority, Pursuant to Law No 161 dated 17/8/2011 on Capital Markets, Pursuant to the decision of the Capital Markets Authority’s Board No 12/3/2019 (Bis 1) taken in its meeting held on 26/2/2019, according to which Premium Capital Group SAL shall be delisted from the list of financial intermediation companies, provided that it abides by Clause 2 of Article 2209 of the Licensing and Registration Regulation in Capital Markets, And after reviewing the documents submitted and confirming the fulfillment of legal conditions required for such delisting, Decides the following: Article 1: Premium Capital Group SAL registered under number 18 of the list of financial intermediation companies shall be delisted. Article 2: This Announcement shall be published in the Official Gazette. Beirut, March 5, 2019 Chairman of the CMA/ Governor of Banque du Liban Riad Toufic Salame