Regulatory Alerts2019-01-01
Circular No. 213/2019: Regulatory Requirements Regarding Correspondence
The Palestine Monetary Authority issued Circular No. 213/2019 to mandate that all official correspondence from specialized lending institutions to the Authority must be formally approved by the General/Executive Director, Board Chairman, or their specifically authorized representatives. The circular further requires institutions to submit hard-copy originals of all electronically received correspondence within three working days of receipt. Additionally, the Authority explicitly states it will neither process nor respond to any correspondence submitted directly by branch offices of these institutions.
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