LAWS AND REGULATIONS

  • IMPLEMENTING REGULATIONS
  • CMA DECISIONS
  • ANNOUNCEMENTS
  • LAWS
Language English
#DateDecision TitleSubjectDownload
# 26Date Feb 12, 2018 Decision Title List of Financial Intermediaries Subject
A list of financial intermediaries duly registered issued annually by the CMA
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(AR)

# 25Date Jan 24, 2017 Decision Title List of Financial Intermediaries Subject
A list of financial intermediaries duly registered issued annually by the CMA
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(EN) (AR)

# 24 | CancelledDate Sep 29, 2016 Decision Title Qualifications Required for Securities Business Activity Subject

The Decision establishes the categories of Registered functions required to carry on securities business in Lebanon, and establishes the categories of registration required by Persons to carry out designated functions and activities on behalf of an approved institution. It also identify exemptions for performing regulated functions and provides the required applications for approval by CMA

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(EN) (AR)

# 23 | CancelledDate Jan 12, 2017 Decision Title Account Segregation and Custody Services Subject
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(AR)

# 22 | CancelledDate Aug 9, 2016 Decision Title Price Manipulation - Cancelled Subject

Decision on prevention of price manipulation of financial instruments

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(EN) (AR)

# 21Date May 10, 2016 Decision Title Inauguration of BLOM Asset Management Subject

BLOM Asset Management added to the list of Financial Intermediaries under number 22

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(EN) (AR)

# 20 | CancelledDate Feb 22, 2016 Decision Title Filing a Complaint Subject

This Decision aims to clarify to the Public the procedures and review process related to filing a complaint at the CMA

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(EN) (AR)

# 19Date Jan 22, 2016 Decision Title List of Financial Intermediaries Subject

A list of financial intermediaries duly registered issued annually by the CMA

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(EN) (AR)

# 18 | CancelledDate Aug 31, 2015 Decision Title Related to Auditors Subject

This decision is addressed to all enterprises and authorities carrying out activities associated with securities in Lebanon on behalf of their customers or for their own account and to their accredited auditors order to include in their financial reports information related to activities related to securities and provide the CMA with all the necessary reports, documents and information as well as all audit an additional analysis.

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(AR)

# 17 | CancelledDate Mar 9, 2015 Decision Title Related to "KYC" (Know Your Customer) model Subject

This decision determines the model to be applied by the financial intermediary institutions, financial institutions and banks carrying out activities associated with securities in Lebanon, adopting the KYC which includes all the necessary information.

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(EN) (AR)

# 16 | CancelledDate Feb 13, 2014 Decision Title Financial Instruments and Products Subject

Various provisions and conditions relating to the issuance and promotion of financial products and instruments in Lebanon.

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(EN) (AR)

# 15Date Feb 13, 2014 Decision Title Islamic Collective Investment Schemes Subject

Provisions relating to the establishment and work of the Islamic collective investment schemes in Lebanon.

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(EN) (AR)

# 14Date Feb 10, 2014 Decision Title Collective Investment Schemes Subject

Conditions for the license, establishment and work of the collective investment schemes in Lebanon.

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(EN) (AR)

# 13 | CancelledDate Feb 10, 2014 Decision Title Asset Securitization Subject
The conditions according to which the CMA Board provides consent to the establishment of a securitization fund on assets
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(EN) (AR)

# 12 | CancelledDate Feb 10, 2014 Decision Title Regulations on Financial Derivative Transactions Subject

Provisions that govern the operations of financial derivatives

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(EN) (AR)

# 11Date Jan 9, 2014 Decision Title List of Financial Intermediaries Subject
A list of financial intermediaries duly registered issued annually by the CMA
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(EN) (AR)

# 10 | CancelledDate Jan 9, 2014 Decision Title Related to Financial Intermediation Institutions Subject

All procedures, measures and conditions approved by the Capital Markets Authority relating to the business and financial intermediation.

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(EN) (AR)

# 9Date Dec 27, 2013 Decision Title Providing the Financial Control Unit with the required documents + Appendix Subject
The purpose of this decision and the appendices enclosed herewith, is to create centralized information at the Capital Markets Authority in relation to assigned persons, persons under supervision and persons concerned, who exercise one of the organized duties related to the business of financial instruments in order to facilitate the duties of the Financial Control Unit concerning the commitment of all institutions and authorities which exercise business related to financial instruments in Lebanon for the account of its clients and/or for its own account
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(EN) (AR)

# 8Date Dec 27, 2013 Decision Title Regulated Functions Subject

The purpose of this decision and the appendices enclosed herewith, is to create centralized information at the Capital Markets Authority in relation to assigned persons, persons under supervision and persons concerned, who exercise one of the organized duties related to the business of financial instruments in order to facilitate the duties of the Financial Control Unit concerning the commitment of all institutions and authorities which exercise business related to financial instruments in Lebanon for the account of its clients and/or for its own account

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(EN) (AR)

# 7 | CancelledDate Dec 3, 2013 Decision Title Licensing Documents Subject

Procedures, and guidelines and general conditions relating to the establishment of financial intermediaries

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(EN) (AR)

# 6 | CancelledDate Nov 20, 2013 Decision Title Insider Trading - Cancelled Subject

The Prohibition of Exploitation of non-Public Information when Trading in the Capital Markets

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(EN) (AR)

# 5Date Aug 14, 2013 Decision Title Internal Audit Subject

Internal Audit department which certain Joint-stock companies must establish

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(EN) (AR)

# 4Date Aug 14, 2013 Decision Title Compliance Subject

Compliance Department which certain Joint Stock companies must establish

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(EN) (AR)

# 3Date Jun 11, 2013 Decision Title Crowdfunding Subject

Setting the framework and rules of the work and establishment of "crowdfunding" companies in Lebanon

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(EN) (AR)

# 2Date Jun 11, 2013 Decision Title Disclosure Requirements Subject

Disclosure of all the information that will enable shareholders to exercise their rights to the fullest in some companies and organizations operating in Lebanon.

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(EN) (AR)

# 1Date Jun 11, 2013 Decision Title Disclosure Policy Subject

Disclosure Policy required by some companies and organizations working in Lebanon in order to ensure compliance with the best practices of governance.

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(EN) (AR)

Language English
#DateSeries TitleSubjectDownload
# GlossaryDate Aug 27, 2015 Series Title Glossary - Draft Subject

This Glossary sets out the definitions of the defined terms used in the implementing regulations issued by the Authority.

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(EN)

# 2000Date Jan 19, 2017 Series Title Licensing and Registration Subject

This regulation aims to regulate the conduct of trading in the securities markets and set out the details of the prohibitions on insider trading and the prohibitions on market manipulation. The regulation also aims to cover the obligations of approved institutions when trading in the markets, as principal, and for clients. It also establishes the categories of Registered functions required to carry on securities business in Lebanon, and establishes the categories of registration required by Persons to carry out designated functions and activities on behalf of an approved institution. It also identify exemptions for performing regulated functions and provides the required applications for approval by CMA

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(EN/AR)

# 3000Date Nov 10, 2016 Series Title Business Conduct Regulation Subject

This regulation aims to establish the rules and code of conduct that an approved institution must comply with in carrying out securities business and dealing with clients. It also defines the policies and procedures, systems and controls that an approved institution must establish and implement. The regulation also sets out the rules on how to handle client money and client assets.

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(AR)

# 4000Date Nov 10, 2016 Series Title Market Conduct Regulation Subject

This regulation aims to regulate the conduct of trading in the securities markets, and set out the details of the prohibitions on insider trading and the prohibitions on market manipulation. The regulation also aims to cover the obligations of approved institutions when trading in the markets, as principal and for clients.

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(EN/AR)

# 6000Date Aug 7, 2017 Series Title Regulation on Offers of Securities Subject

This regulation aims at outlining the requirements related to offers of securities in Lebanon and determining the types of offers that are exempted from the imposed requirements on the public offer as well as setting the requirements for an exempted offer of securities

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(PDF)

# 7000Date Aug 27, 2015 Series Title Draft Regulation on Listing Rules Subject

This regulation aims at outlining the necessary requirements for the issuer to list financial instruments in Lebanon and determines the requirements for maintaining this listing and for maintaining sound foundations for corporate governance by the listed issuers

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(PDF)

# 8000Date Nov 17, 2015 Series Title Draft Regulation on Collective Investment Schemes Subject

This Regulation covers the establishment and operation of collective investment schemes including Islamic schemes in Lebanon under Law 706 of December 2005. It does not cover the use of CIS for securitization under Law 705.

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(PDF)

Language English
#DateAnnouncement TitleSubjectDownload
# 33Date Mar 29, 2018 Announcement Title Announcement 33 Subject
Amendment of Business Conduct Regulation Series 3000
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(AR)

# 32Date Mar 29, 2018 Announcement Title Announcement 32 Subject
Related to the amendement of Offers of Securities Series 6000
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(AR)

# 31Date Feb 12, 2018 Announcement Title Announcement 31 Subject
Related to the amendment of Announcement 28 dated 14 December 2017 directed at Financial Intermediary Institutions
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(AR)

# 30Date Feb 12, 2018 Announcement Title Announcement 30 Subject
Related to Prohibition of Electronic Money
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(AR)

# 29Date Feb 20, 2018 Announcement Title Announcement 29 Subject
Amendment of the Implementing Regulation Licensing & Registration Series 2000 and the cancellation of Decision No. 10 dated 9 January 2014 (relating to the Financial Intermediation Institutions), Decision No. 7 dated 3 December 2013 (relating to the Licensing Documents),
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(AR)

# 28Date Dec 14, 2017 Announcement Title Announcement 28 Subject
Related to existing financial intermediary institutions
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(AR)

# 27Date Jan 23, 2018 Announcement Title Announcement 27 Subject
Related to the amendment of the Implementing Regulation Offer of Securities Series 6000 and the cancellation of Deceision No. 13 dated 10 February 2014 relating to Asset Securitization
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(AR)

# 26Date Nov 28, 2017 Announcement Title Announcement 26 Subject
Related to the Cancellation of Decision No. 16 dated 27 November 2014 on financial instruments and products, and the use of Series 6000 on Offers of Securities.
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(AR)

# 25Date Oct 28, 2017 Announcement Title Announcement 25 Subject
Related to amendments on the Licensing & Registration Series 2000, and the cancellation of CMA Decison 24 on Qualification requirements for dealing in securities business.
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(EN) (AR)

# 24Date Feb 20, 2018 Announcement Title Announcement 24 Subject
Amendment to the Implementing Regulation Business Conduct Series 3000 and the Cancellation of Decision No. 12 dated 10 February 2014 (relating to the Regulations on Financial Derivative Transactions) and Decision No. 23 of 12 January 2017 (relating to the Account Segregation and Custody Services), Decision No. 17 of 9 March 2015 (relating to the "KYC" (Know Your Customer) model), Decision No. 18 of 31 August 2015 (relating to the Auditors) an Decision No. 20 of 22 February 2016 (relating to the Filing a Complaint)
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(AR)

# 23Date Jun 20, 2017 Announcement Title Announcement 23 Subject
Amendment of Implementing Regulation Series 4000 "Market Conduct", and Cancellation of CMA Decision 22 dating 9 August 2016 (Price Manipulation) and CMA Decision 6 dating 20 October 2013 (Insider Trading)
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(En) (AR)

# 22Date Jun 20, 2017 Announcement Title Announcement 22 Subject
Related to the Application of the Implementing Regulations issued by the Authority
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(AR)

# 21Date Apr 10, 2017 Announcement Title Announcement 21 Subject
Amendment of Decision 14 dating 10 February 2014
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(AR)

# 20Date Jun 9, 2016 Announcement Title Announcement 20 Subject
Amendment of Decision 10
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(EN) (AR)

# 19Date Mar 21, 2016 Announcement Title Announcement 19 Subject
Amendment of Decision 10
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(EN) (AR)

# 18Date Mar 21, 2016 Announcement Title Announcement 18 Subject
Amendment of Decisions 4,5,13
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(EN) (AR)

# 17Date Aug 17, 2015 Announcement Title Announcement 17 Subject
Amendment of Decision 12
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(EN) (AR)

# 16Date Jun 1, 2015 Announcement Title Announcement 16 Subject
Amendment of Decision 12
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(EN) (AR)

# 14Date Mar 23, 2015 Announcement Title Announcement 14 Subject
Amendment of Decision 12
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(EN) (AR)

# 13Date Jan 27, 2015 Announcement Title Announcement 13 Subject
Amendment of Decision 5 dating 13 February 2014
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(EN) (AR)

# 12Date Jan 27, 2015 Announcement Title Announcement 12 Subject
Amendment of Decision 4 dating 14 August 2013
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(EN) (AR)

# 11Date Jan 27, 2015 Announcement Title Announcement 11 Subject
Amendment of Decision 13 dating 10 February 2014
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(EN) (AR)

# 10Date Jan 26, 2014 Announcement Title Announcement 10 Subject
Amendment of Decision 11 dating 9 January 2014
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(EN) (AR)

# 9Date Jan 26, 2014 Announcement Title Announcement 9 Subject
Amendment of Announcement 2 dating 31 March 2014
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(EN) (AR)

# 8Date Nov 27, 2014 Announcement Title Announcement 8 Subject
Amendment of Decision 16 dating 13 February 2014
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(EN) (AR)

# 7Date Nov 27, 2014 Announcement Title Announcement 7 Subject
Financial Instruments related to Insurance Contracts
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(AR)

# 6Date Jul 25, 2014 Announcement Title Announcement 6 Subject
Commitment of Disclosure
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(EN) (AR)

# 4Date Apr 28, 2014 Announcement Title Announcement 4 Subject
Amendment of Decision 10
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(EN) (AR)

# 3Date Apr 28, 2014 Announcement Title Announcement 3 Subject
Amendment of Decision 14
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(EN) (AR)

# 2Date Mar 31, 2014 Announcement Title Announcement 2 Subject
Fees and Commissions Fulfillment
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(EN) (AR)

# 1Date Dec 27, 2013 Announcement Title Announcement 1 Subject
The Establishment of the Board of the Capital Markets Authority
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(EN) (AR)