Regulatory Alerts2023-01-01
Circular No. 218 of 2023 Regarding the Continuity of Operations of Specialized Lending Institutions
The Palestine Monetary Authority issued Circular No. 218 of 2023 to require all specialized lending institutions operating in Palestine to activate business continuity and crisis management plans. The directive mandates optimal human resource utilization, restricted inter-governorate travel, and implemented remote work protocols, while granting branch administrations the authority to close locations based on prevailing field conditions. These operational adjustments ensure sector stability and safeguard employee welfare amid current economic circumstances.
Share