Regulatory Alerts2022-06-13
Deferral of Effective Date for Sending Notices via Means of Communications (Proper Conduct of Banking Business No. 420)
The Banking Supervision Department of the Bank of Israel has deferred the effective date of Amendment 7 to Proper Conduct of Banking Business Directive No. 420 due to implementation difficulties reported by the banking system. Following consultation with the Advisory Committee on Banking Business Affairs and approval by the Governor, the new commencement date is set for January 1, 2023. Banking corporations are permitted to adopt the amended directive prior to this effective date while specific file updates are issued.
Share