Regulatory Alerts2022-01-01
Circular No. 246/2022: Licensing of Microfinance Banks and Digital Banks
The Palestine Monetary Authority issued Circular No. 246/2022 to solicit stakeholder feedback on a newly adopted licensing policy and draft regulatory instructions for microfinance banks and digital banks. The Authority has published the draft framework under the "Your Opinion Matters" section of its website to develop new financial services that stimulate economic growth in Palestine. All specialized lending institutions must submit their comments and observations regarding the proposed supervisory framework before the end of the current month.
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