Regulatory Alerts2016-01-01
Circular No. 52: Developmental Items Implemented on the New Version of the Credit Information System
The Palestine Monetary Authority issued Circular No. 2016/52 to mandate all operating banks in Palestine to implement four specific updates to Version IV of the Credit Information System: modifications to the inquiry screen, credit record opening screens, the credit report, and the monthly facility file migration mechanism. Banks are required to disseminate these changes to relevant internal departments and adopt the updated procedures for data disclosure and exchange effective April 3, 2016. This directive operationalizes prior training guidelines and existing regulatory frameworks to standardize system updates and ensure consistent data handling across the banking sector.
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