Regulatory Alerts2014-11-27
Financial Instruments related to Insurance Contracts
The Capital Markets Authority and Banque du Liban mandate Lebanese financial intermediaries, banks, and insurance companies to secure prior regulatory approval before issuing, promoting, or marketing financial instruments linked to insurance contracts and attracting public savings for them. Insurance firms must submit these securities through their control commission, while other financial institutions must obtain direct clearance before public offering. This approval requirement takes effect immediately upon publication in the Official Gazette, establishing clear compliance pathways for insurance-linked securities.
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