Regulatory Alerts2022-01-01
Circular No. 278 (2022) on Working in Emergency Situations
The Palestine Monetary Authority issued Circular No. 278 (2022) requiring all specialized lending institutions operating in Palestine to implement emergency preparedness and continuity measures during partial or total closures. The directive mandates the development of crisis management plans, immediate employee notification protocols for adjusted working hours, and proactive customer communication regarding operational changes. Additionally, institutions must close branches in designated closure zones, enforce compliance monitoring, and await further directives from the Authority's Consumer Protection and Market Discipline departments as needed.
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