Regulatory Alerts2018-01-01
Instructions No. 04 of 2018 Regarding the Regulation of the Information Technology Environment in Specialized Lending Institutions
The Palestine Monetary Authority issued Instructions No. 04 of 2018 to regulate the information technology environment for specialized lending institutions operating in Palestine. The directives mandate that boards of directors approve IT strategies, organizational structures, and annual budgets, while executive IT management must implement these plans, establish clear job descriptions, and maintain comprehensive operational manuals. Furthermore, the regulations enforce strict controls on IT outsourcing, business continuity and disaster recovery planning, data center infrastructure standards, backup procedures, and information security policies aligned with international benchmarks.
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