Regulatory Alerts2015-01-01
Lending-2015- Circular No. 13 Declaration of Borrower Status for Palestine Monetary Authority Employees
The Palestine Monetary Authority issued Circular No. 13/2015 to mandate all lending institutions operating in Palestine to update their credit reporting data. The circular requires institutions to classify Palestine Monetary Authority employees under the specific code (4000) designated for private sector staff within the Credit Information System (Sijili). Institutions must promptly review and amend these employee classifications to ensure accurate system reporting.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (13/2015)
To all lending institutions operating in Palestine
Date: Monday, February 04, 2015
Subject: Declaration of Borrower Status for Palestine Monetary Authority Employees
In compliance with the instructions of the Credit Information System (Sijili) and to regulate the proper borrowing process regarding the borrower status of Palestine Monetary Authority employees, all lending institutions are requested to adopt code (4000) specified in the instructions for private sector employees and classify them in the system's data using this code.
Accordingly, all institutions are requested to review the classification of Palestine Monetary Authority employees on the aforementioned system and amend it in accordance with the content and provisions of this circular as soon as possible. Please note that this measure is solely for the purpose of using the aforementioned system.
Public Relations and Market Discipline Department
Palestine Monetary Authority
Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922
Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487
Email: info@pma.ps
Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922
Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487
Email: info@pma.ps
www.pma.ps