Regulatory Alerts2016-01-01
Circular No. 199/2016 New Credit Reporting System
The Palestine Monetary Authority issued Circular No. 199/2016 to introduce a new credit reporting system designed to enhance market transparency and protect consumer rights by granting citizens access to their credit reports and the ability to dispute inaccuracies. The circular mandates participating banks to nominate a staff member within three working days to attend a specialized workshop and conduct a pilot test of the system prior to its official launch. This initiative aims to train selected personnel on system operations and ensure a smooth implementation phase.
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