Regulatory Alerts2019-03-07
Simplification of customer agreements
The Bank of Israel deferred the effective date of Proper Conduct of Banking Business Directive no. 449 to align with the legislative amendment regulating nonbank loans. This adjustment allows banking corporations and credit card companies adequate time to prepare disclosure forms that comply with both the law and the directive. The new start date for the directive is established as the commencement date of the legislative amendment.
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