Regulatory Alerts2020-09-16
Additional Adjustments to Proper Conduct of Banking Business Directives for Dealing with the Coronavirus (Temporary Provision)
The Bank of Israel extended the applicability of temporary coronavirus-related banking directives for an additional six months, setting the general end date to March 31, 2021. This extension explicitly excludes Sections 10a-10b, 13d, and 14a-14d, which retain their original expiration date of September 30, 2020. Additionally, the regulator amended the Customer Complaints Directive to clarify that specific leniencies apply only in very anomalous circumstances such as general lockdowns.
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