Regulatory Alerts2017-01-01
Instructions No. 52 of 2017 Amending Instructions No. 11 of 2012 on Appointment, Transfer, Disciplinary Procedures, and Resignation
The Palestine Monetary Authority issued Instructions No. 52 of 2017 to amend its 2012 regulations governing banking personnel management. The directive redefines Key Executives as the first and second executive officers of all bank departments and activities, and mandates that banks submit names and supporting documentation for all unapproved key executives within five working days of issuance. These amendments take effect immediately upon publication and are binding on all relevant regulatory bodies.
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