Regulatory Alerts2023-01-01
Circular No. 243 Launching the SupTech Supervisory System
The Palestine Monetary Authority issued Circular No. 243/2023 to announce the official launch of its SupTech Supervisory System on November 27, 2023. Banks are required to designate up to four staff members to create portal accounts, submit regulatory data forms according to system-specified deadlines, and maintain parallel data submissions via existing mechanisms until further notice. The Authority will also conduct a dedicated workshop to address user inquiries and ensure a smooth transition to the automated supervisory platform.
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