Regulatory Alerts2025-01-01
Circular No. 86/2025: Procedures for Handling Non-Financial Data Regarding Banking and Electronic Systems
The Palestine Monetary Authority issued Circular No. 86/2025 requiring all banks operating in Palestine to immediately implement audit trails for all non-financial system modifications and maintain backup records for at least one year. Banks must establish clear procedures for identifying customer-related financial markets on electronic systems and ensure their backup policies cover all system components with specific periodicity. Additionally, all modifications to system parameters and market data must be executed through system functions rather than direct database access.
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