Regulatory Alerts2015-01-01
Circular No. 51: Declaration of Borrower Status for Employees of the Central Elections Commission
The Palestine Monetary Authority issued Circular No. 51/2015 to require all banks operating in Palestine to classify Central Elections Commission employees under code (3000) within the Credit Information Systems (Sijili) and Re-lending Networks (Nisham). Banks must update their borrower status disclosures to match public sector coding standards, ensuring uniform data reporting across both designated systems. This classification directive applies exclusively to the operational use of these two networks and does not affect other banking categorizations.
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