Regulatory Alerts2022-01-01
Instructions No. 3 of 2022 Regarding the Regulation of Information Technology Environment
The Palestine Monetary Authority issued Instructions No. 3 of 2022 to regulate the information technology environment for licensed payment service companies in Palestine. The regulations mandate strict governance, security, and operational standards for cloud computing and colocation services, requiring prior written approval for critical systems and adherence to specific availability and disaster recovery thresholds. Companies must ensure data confidentiality, implement robust cybersecurity controls, and provide annual compliance reports to the Authority.
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