Regulatory Alerts2014-01-01
Circular No. 2014/159: Development of the Credit Information System (Version III)
The Palestine Monetary Authority issued Circular No. (2014/159) to announce the imminent official launch of Version III of the Credit Information System and to require all operating banks to submit employee nominations for a mandatory training workshop within three working days. The circular specifies that nominated personnel, representing all bank branches, must be responsible for executing customer inquiry and record opening operations within the system. The Authority will subsequently communicate the workshop's precise date and venue within ten days to facilitate system adoption and operational readiness.
Share