Regulatory Alerts2021-01-01
Instructions No. 4 of 2021 Regarding the Extension of the Incentive Period Related to the Merger and Purchase of Assets and Liabilities of Money Changers
The Palestine Monetary Authority issued Instructions No. 4 of 2021 to extend the incentive period granted to merging or acquiring money changer companies regarding their branches by an additional six months. This directive modifies the incentive timeline established under Article 9 of Instructions No. 2 of 2021 and applies exclusively to money changers licensed by the Authority. All competent authorities must enforce these provisions immediately upon issuance on December 26, 2021, while automatically repealing any conflicting prior regulations.
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