Regulatory Alerts2019-01-01
Circular No. 220/2019: Rates of Interest/Returns and Fees/Commissions Charged
The Palestine Monetary Authority issued Circular No. 220/2019 to mandate all specialized lending institutions operating in Palestine to periodically submit detailed statements of their charged interest/return rates and fee/commission structures. This requirement, aligned with quarterly reporting obligations and grounded in Presidential Decree No. 132 of 2011, aims to safeguard sector stability and enhance consumer protection. Institutions must forward the completed disclosure schedules via postal mail and the designated email address to the Authority's Supervision and Inspection Department.
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