Regulatory Alerts2020-12-30
Bank of Israel Circular C-06-2640: Amendment to Proper Conduct of Banking Business Directive 439
The Bank of Israel issued Circular C-06-2640 to amend Proper Conduct of Banking Business Directive 439 with the addition of Section 4(a). This new section grants the Supervisor of Banks the authority to issue specific directives or exemptions for individual banking corporations in anomalous cases. The amendments entered into effect upon publication to provide a normative infrastructure for responding to changing operational needs.
Share