Regulatory Alerts2011-01-01
Palestine Monetary Authority Instruction No. 2 of 2011 Regarding Bank Licensing
The Palestine Monetary Authority issued Instruction No. 2 of 2011 to establish standardized application forms for various banking licensing and operational requests. The instruction mandates specific documentation requirements for new local banks, foreign bank branches, representative offices, and changes in branch locations or closures. It further details the technical, administrative, and security infrastructure standards that bank branches and offices must meet to ensure compliance with local regulations and governance practices.
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