Regulatory Alerts2011-01-01
Circular No. 135 Classification of Facilities for Disclosure Purposes in the Monthly Report
The Palestine Monetary Authority issued Circular No. 135/2011 to clarify the correct classification methodology for housing and mortgage facilities in monthly regulatory reports. The directive mandates that economic sector classification must be applied at the individual facility level rather than the borrower level to resolve discrepancies between the Credit Information System and the new real estate sector database. Banks and lending institutions are instructed to align their monthly facility files with this facility-level classification standard to ensure accurate regulatory disclosure.
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