Regulatory Alerts2015-03-23
Amendment of Decision 12 on Financial Securities and Derivative Transactions
The Capital Markets Authority of Lebanon issued Announcement 14 to amend Decision 12, comprehensively updating the regulatory framework for financial securities and derivative transactions. The revised regulations redefine key terms, restrict intermediary dealings with correspondents to those meeting specific licensing and BBB+ rating thresholds, and mandate strict margin requirements including gross settlement, daily revaluation, and auto-liquidation mechanisms for electronic platforms. Furthermore, the amendments enforce operational independence between intermediaries and platform operators, require segregated client cash accounts, and guarantee risk coverage for rapid market fluctuations.
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