Regulatory Alerts2022-02-04 | 13408Central Bank Circular No. 613 – Specialized Banks
The Central Bank of Lebanon issued Circular No. 613 to amend Article 1 of Basic Decision No. 5996, enabling specialized banks in Lebanon to actively participate in the stock market and execute permitted financial transactions. Banks subject to Circular No. 50 are exempt from the Central Bank’s direct supervision, whereas non-specialized banks must establish dedicated departments, open separate accounts, execute compliant client contracts, utilize electronic payment systems, and maintain approved financial ratios. These operational requirements are jointly overseen by the Financial Market Authority and the Committee for Specialized Banks to ensure market stability and regulatory compliance.
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