Regulatory Alerts2022-01-01
Instruction No. 3 on Regulating the Information Technology Environment
The Palestine Monetary Authority issued Instruction No. 3 of 2022 to regulate the information technology environment for licensed payment service companies operating in Palestine. The regulation mandates strict governance, security, and continuity standards for cloud computing, co-location, and critical payment systems, requiring prior written approval for sensitive deployments. It imposes rigorous obligations on service providers and requires companies to maintain high availability, conduct regular audits, and ensure data confidentiality and integrity.
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