Regulatory Alerts2019-01-01
Circular No. 213 of 2019 Regarding Supervisory Requirements for Correspondence
The Palestine Monetary Authority issued Circular No. 213 of 2019 mandating that all official correspondence from specialized lending institutions to the regulator must be formally approved by the General Manager, Executive Director, or Board Chairman via specific written authorization. The circular further requires that any correspondence initially submitted via email be accompanied by a hand-delivered original hard copy within three working days of the electronic submission. Additionally, the Authority explicitly states it will neither process nor respond to any correspondence originating from branches of these specialized lending institutions.
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