RegAlertRule · PMA · 2 Jun 2021
Circular No. 2021/123 Bank Commitment Certificate / Discharge Certificate
The Palestine Monetary Authority issued Circular No. 2021/123 to mandate strict compliance with Circular No. 2013/88 regarding the immediate issuance of Bank Commitment Certificates and Discharge Certificates to customers upon request. This directive addresses widespread customer complaints concerning delays by bank branches and explicitly reaffirms that all operating banks must adhere to the established procedural requirements. Failure to comply will trigger formal legal enforcement measures in accordance with regulatory protocols.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (2021/123)
To all banks operating in Palestine Date: Wednesday, 02 June, 2021
Subject: Bank Commitment Certificate / Discharge Certificate
In light of complaints received from bank customers regarding the delay by several branches/offices in providing them with a Bank Commitment Certificate/Discharge Certificate upon request, which contradicts the requirements of Circular No. (2013/88) regarding the Bank Commitment Certificate/Discharge Certificate, the Palestine Monetary Authority emphasizes the strict compliance with the requirements of the aforementioned Circular, otherwise legal measures will be taken in accordance with due process.
Supervision Group
Palestine Monetary Authority
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 info@pma.ps | Fax: +970 2 2415310 | Fax | Tel: +970 2 2415251 | Tel Gaza - Palestine P.O. Box 4026 Gaza - Palestine P.O. Box 4026 Fax: +970 8 2844487 | Fax | Tel: +970 8 2825713 | Tel www.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: No known changes
RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.
Mentions (1): 1 document this one mentions without changing it
- Refers to
“contradicts the requirements of Circular No. (2013/88) regarding the Bank Commitment Certificate/Discharge Certificate”
More like this from PMA
PMA published 4 documents in the last 30 days. We email you each new one the day it's published.
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
In RegAlert: added · updated