This Glossary sets out the definitions of the defined terms used in the implementing regulations issued by the Authority.
Category: Implementing Regulations
Licensing and Registration Regulation
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
Business Conduct Regulation
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.
Market Conduct Regulation
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.
Offers of Securities Regulation
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
Draft Regulation on Listing Rules
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
Collective Investment Schemes Regulation
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.