Regulatory Alerts2022-12-28 | 13511Added · Updated
Issuing of Certificates of Deposit & Banking Certificates, Bonds and Opening of Bank Accounts
The Governor of the Central Bank of Lebanon issued Decision No. 13511 to extend until June 30, 2023, the validity of specific provisions in Basic Decisions Nos. 6856, 7224, and 13100 governing negotiable debt securities, banking certificates, bonds, and banking installments. The decision repeals the terms "permanent," "temporary," and "after three months" in Article Four of Basic Decision No. 13100, while maintaining the "temporary" classification for that article until the extension date. This regulatory update ensures continued operational flexibility for Lebanese banks and financial institutions regarding their issued debt instruments and installment frameworks.
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