RegAlert
2016-01-19

Added · Updated

Circular No. 13 on Local Authorities Accounts

The Palestine Monetary Authority issued this circular to clarify that its previous directive on government ministry and public institution accounts does not apply to local authorities. The regulator explicitly states that local authorities fall outside the definition of entities whose budgets are included in the Palestinian National Authority's general budget. Consequently, these bodies remain under the administrative jurisdiction of the Minister of Local Government rather than the central banking framework outlined in the referenced circular.

Palestine Monetary Authority logo

Palestine

Palestine Monetary Authority

Scan of the document's first page
Share

PMA published 1 document in the last 30 days — get each new one by email the day it lands.

Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. 13 (2016/13)

To all banks operating in Palestine

Date: Tuesday, January 19, 2016

Subject: Local Authorities Accounts

With reference to the above subject, and following our Circular No. (2015/157) dated 02/12/2015 regarding the accounts of ministries and public institutions, we wish to clarify that the aforementioned circular pertains to (any ministry, public institution, authority, body, or any other entity whose budgets are included in the general budget of the Palestinian National Authority). Consequently, local authorities are not included in this definition and are administratively governed by the Minister of Local Government.

Deputy Governor for Financial Stability Affairs

Inspection and Supervision Department

Copy to: His Excellency Minister of Local Government, Mr. Hussein Al-Araj

www.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 | البريد الإلكتروني: info@pma.ps

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: In force

Circular No. 157: Accounts of M…2015Circular No. 157: Accounts of Ministries and Public Institutions (2015-12-02)Circular No. 13 on LocalAuthorities Accounts2016-01-19 · this documentCircular No. 13 on Local Authorities Accounts (2016-01-19)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Similar documents from other regulators

Source: Palestine Monetary Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

More like this from PMA

PMA published 1 document in the last 30 days. We email you each new one the day it's published.