Regulatory Alerts2014-01-01
Circular No. 12/2014: Development of the Credit Information System (Version 3)
The Palestine Monetary Authority issued Circular No. 12/2014 to mandate the development of the Credit Information System (Version 3) following a comprehensive re-evaluation aligned with international best practices. Lending institutions are required to modify their internal systems and disclosure mechanisms to comply with the attached developmental provisions and corrective instructions. All mandated updates must be fully implemented by the end of April 2014 according to the established action plan, while existing disclosure methodologies remain in effect during the transition.
Share