Regulatory Alerts2014-01-01
Circular No. 2014/83: Development Items on the New Version (III) of the Credit Information System
The Palestine Monetary Authority issued Circular No. 2014/83 mandating all Palestinian banks to adopt updated disclosure requirements for Version III of the Credit Information System effective immediately. The directive introduces significant modifications to input screens, credit reports, financial file structures, and disclosure mechanisms to enhance data accuracy and align with international best practices. Banks are required to implement these changes for new facilities from January 1, 2015, and to submit demographic files for specific loan categories to cover reporting gaps from October to December 2014.
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