LEB CB Payment Service Signatories

Published on: Oct 7, 2026

On Sep. 22, LEB CB issued notice re authorized signatories.

  • LEB CB issued Notice 2/2026 re authorized signatures and account signatories of electronic payment service providers.
  • Document dated Sep. 22, 2026, received from LEB CB Oct. 2, summarized Oct. 7.
  • Follows Jan 2026 LEB CB decision on e-payment service providers, #283317.
  • Key Provisions
  • Aims to enable the central bank to identify persons legally authorized to operate accounts opened with LEB CB and verify their authority, capacity, and legal powers.
  • Applies to entities licensed to provide electronic payment services under Basic Decision No. 13790 dated Jan. 9, 2026.
  • Refers to the requirement for payment service providers to maintain a deposit equivalent to 15% of their capital with LEB CB.
  • Electronic payment service providers must submit, in 3 copies, its signing conditions, the names of persons authorized to operate its LEB CB account, and their signing limits.
  • Obliges disclosure of the names of authorized signatories and the signing limits applicable to each authorized person.
  • Mandates submission of three copies of any subsequent amendments to the commercial registry filing relating to authorized signatories.
  • Effectiveness
  • Required documents must be submitted by Oct. 30, 2026.
Regulators
LEB CB
Entity Types
Bank; CNSM; MSB
Reference
Nt 2/2026, 9/22/2026
Functions
Compliance; C-Suite; Financial; Legal; Operations; Outsourcing; Reporting; Risk; Technology
Countries
Lebanon
Category
State
N/A
Products
Banking; Deposits; Forex; Payments
Rule Type
Final
Regions
EMEA
Rule Date
Sep 22, 2026
Effective Date
Oct 30, 2026
Rule ID
315150
Linked to
Reg. Last Update
Sep 22, 2026
Report Section
International