Region

Jurisdiction

Regulator

2017-01-01

Circular No. 106: Disclosure of Periodic Financial Statements on the Website

The Palestine Monetary Authority mandates all banks operating in Palestine to publish their periodic financial statements on their official websites by the end of March and September annually, effective for the 2017 financial year. This requirement expands upon existing publication rules by specifying that the disclosed statements must include the Statement of Financial Position, Income Statement, Statement of Comprehensive Income, Statement of Changes in Shareholders' Equity, and Statement of Cash Flows. The directive is issued under Article 50 of the 2010 Banks Law and builds upon previous 2010 instructions to enhance financial transparency and regulatory compliance.

Palestine

Palestine Monetary Authority

Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (106/2017) To all banks operating in Palestine Date: Tuesday, May 23, 2017

Subject: Disclosure of Periodic Financial Statements on the Website

Pursuant to the provisions of Article (50) of Law No. (9) of 2010 concerning Banks, and subsequently to the requirements of Instructions No. (2010/03) dated 11/05/2010 regarding the publication of financial data on the bank's website, in addition to the interim and final financial data currently published, all banks operating in Palestine are required to publish their periodic financial statements on the bank's website as of the end of March and September of each year, starting with the financial statements for the year 2017, such that those data include the following:

a. Statement of Financial Position. b. Income Statement. c. Statement of Comprehensive Income. d. Statement of Changes in Shareholders' Equity. e. Statement of Cash Flows.

Deputy Governor for Financial Stability Affairs