Regulatory Alerts2020-01-01
Instructions No. 39 of 2020 Concerning Specialized Professional Certifications
The Palestine Monetary Authority issued Instructions No. 39 of 2020 to extend the compliance deadline for licensed banks regarding specialized professional certifications for senior officials until the end of 2021. The directive mandates that all such positions must be filled by certified officials starting in 2022, while repealing any conflicting prior provisions. These instructions take effect immediately upon issuance and apply to all banks operating under the Authority's licensing framework in Palestine.
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