Regulatory Alerts2021-10-19
De-Listing of Saradar Family Office (S.F.O.) SAL from the List of Financial Intermediation Institutions
The Chairman of the Capital Markets Authority issued Information No. 76 on October 19, 2021, to formally remove "Saradar Family Office (S.F.O.) S.A.L." (No. 28) from the List of Financial Intermediation Institutions following its license cancellation under CMA Board Decision No. 21/4/6. This directive confirms that all statutory requirements for the license revocation have been verified through submitted documentation and officially de-lists the entity. The order mandates publication in the Official Gazette to finalize the regulatory update and provide public notice of the change.
Information No. 76
The Chairman of the Capital Markets Authority, pursuant to Law No. 161 dated August 17, 2011 concerning the Capital Markets, and pursuant to CMA Board Decision No. 21/4/6 adopted in its meeting held on May 5, 2021, which approved the cancellation of the license of "Saradar Family Office (S.F.O.) S.A.L." subject to compliance with certain conditions, and after reviewing the submitted documents confirming that the legal conditions for this cancellation are met, decides as follows:
Article One: "Saradar Family Office (S.F.O.) S.A.L." is removed from the List of Financial Intermediation Institutions. Registered in this list under No. 28.
Article Two: This Information shall be published in the Official Gazette.
Beirut, on October 19, 2021 Chairman of the Capital Markets Authority / Governor of Bank of Lebanon