Regulatory Alerts2021-01-01
Instructions No. 16 on the Recovery of Settlement Fees
The Palestine Monetary Authority issued Instructions No. 16 of 2021 to formally repeal the 2020 regulations governing settlement fees and replace them with a new regulatory framework for fee recovery. These instructions mandate that all banks licensed to operate in Palestine comply with the updated settlement fee provisions effective July 1, 2021. The directive also repeals any prior regulatory provisions that conflict with its terms to ensure uniform enforcement across the banking sector.
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