Regulatory Alerts2020-12-30
Bank of Israel Directive 406 Update: Banking Services for New Immigrants
The Bank of Israel issued Directive no. 406 to update the Proper Conduct of Banking Business regulations regarding banking services for new immigrants. The amendment introduces Section 4, granting the Supervisor of Banks authority to issue specific directives or exemptions for anomalous cases affecting individual banking corporations. These changes took effect immediately upon publication following consultations with the Advisory Committee on Banking Business Affairs.
Share