Regulatory Alerts2021-01-01
Instructions No. (9) of 2021 Regarding the Amendment of Instructions No. (1) of 2021 on Outsourcing
The Palestine Monetary Authority issued Instructions No. (9) of 2021 to amend its original outsourcing regulations by extending the compliance deadline for payment service companies. This directive mandates that all licensed payment service providers operating in Palestine must regularize their legal status to align with the amended outsourcing requirements no later than December 31, 2022. The instructions explicitly repeal any conflicting provisions and take immediate effect upon issuance to ensure regulatory compliance across the national payments sector.
Share