Regulatory Alerts2021-01-01
Circular No. 77: Signatory Authority List and Correspondence
The Palestine Monetary Authority mandates that all payment service companies operating in Palestine prepare and maintain an approved signatory authority list detailing the names and signature specimens of board members and senior management. Companies must submit this comprehensive list to the regulator annually by the end of March and report any subsequent amendments within five working days. Furthermore, all official correspondence directed to the PMA Governor must be signed exclusively by the company's Board Chairman or Chief Executive Officer.
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