Regulatory Alerts2023-01-01
Circular No. 92/2023: Sustainable Finance and Climate-Related Risks
The Palestine Monetary Authority issued Circular No. 92/2023 to mandate specialized lending institutions in Palestine to integrate Environmental, Social, and Governance (ESG) principles into their operations for sustainable finance and climate risk mitigation. The circular requires all covered institutions to submit a completed questionnaire (Appendix 1) via email within two working days of the directive's issuance. Additionally, institutions must submit a supervisory report (Appendix 2) by May 31, 2023, and provide updated quarterly reports within fifteen working days following the end of each quarter.
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