Repeal of Decision No. 14 on Collective Investment Schemes and Decision No. 15 on Islamic Collective Investment Schemes

Announcement no 51
Related to the repeal of
Decision No 14 related to Collective Investment Schemes of 10/2/2014 and Decision No 15 related to Islamic Collective Investment Schemes of 13/2/2014 Pursuant to Law No 161 dated 17/8/2011 on Capital Markets, Pursuant to the decision of the Capital Markets Authority’s Board No 5/11/2018 taken in its meeting held on 15/12/2018, Pursuant to the decision of the Capital Markets Authority’s Board No 26/2/19 taken in its meeting held on 15/12/2018, Pursuant to Announcement No 22 issued on June 20, 2017 by the CMA and related to the scope of implementation of the implementing regulations and decisions issued by the Authority, We advise you of the following:
First: Decision No 14 related to Collective Investment Schemes of 10/2/2014 and Decision No 15 related to Islamic Collective Investment Schemes of 13/2/2014 shall be repealed, and shall be replaced by the provisions set in the Collective Investment Schemes- Series 8000, published in the Official Gazette No 4 dated January 24, 2019. The companies concerned by the above mentioned decisions shall continue to provide the Communication and Research Department at CMA with data they deem subsequently necessary, in addition to Annexes No 3 and 4 referred to in Series 8000 and attached thereto. Second: This Announcement shall enter into force upon its publication in the Official Gazette. Beirut, March 5, 2019 Chairman of the CMA/ Governor of Banque du Liban Riad Toufic Salame