Regulatory Alerts2021-01-01
Circular No. 20 Board of Directors Meeting Minutes
The Palestine Monetary Authority requires all local banks operating in Palestine to submit signed and approved Board of Directors meeting minutes within one month of each meeting. This mandate enforces Article 6.1.12 of Directive No. (2017/10), which establishes the Guide to Rules and Best Practices for Bank Governance in Palestine. Timely submission is a strict operational requirement to maintain regulatory oversight and governance compliance.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (20/2021)
To all local banks operating in Palestine
Date: Monday, February 08, 2021
Subject: Board of Directors Meeting Minutes
In accordance with the requirements of Directive No. (2017/10) regarding the Guide to Rules and Best Practices for Bank Governance in Palestine, we request compliance with Article No. (6.1.12) by providing us with signed and approved Board of Directors meeting minutes within one month from the date of the meeting.
Supervision Group
Palestine Monetary Authority
Note: The handwritten signature is shown in the image.
Clarifying Notes (at the footer):
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Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452
P.O. Box - Ramallah & Al-Bireh Governorate, Palestine
info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251 -
Gaza - Palestine P.O. Box 4026
P.O. Box - Gaza, Palestine
Fax: +970 8 2844487 | Tel: +970 8 2825713