العربية
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Brokers - How to become a Broker
Broker must be licensed by Banque Du Liban (BDL) in order to trade.
In addition, members of the BSE are required to have a minimum Capital of LBP 10 billion for investment banks.
LBP 2 million for financial institutions and LBP 1 billion for brokerage firms.

Membership is always subject to approval from BSE Committee.
Commercial banks cannot directly apply for a brokerage license.

According to Decree 7667 of December 21. 1995  on the implementation of the by-laws of the BSE  (Article 67) , foreign brokerage firms can trade at the BSE through the creation of a Lebanese subsidiary.
 

These subsidiaries must comply with the requirements of Articles 43 to 76 of Decree 7667, as must local brokerage firms.

Each broker trading at the BSE is required to present a bank guarantee of LBP 200 million renewed yearly
.
This amount must be directly replenished within a maximum of three days.

The BSE committee can at any moment request the increase of the bank guarantee in proportion of the trading volume.

This guarantee only covers trades executed through the BSE’s trading system.
 

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