Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (2019/213)
To all specialized lending institutions operating in Palestine Date: Sunday, September 01, 2019

Subject: Supervisory Requirements Regarding Correspondence

With reference to the above subject, and following the requirements of Circular No. (2015/95) dated 25/06/2015 regarding Authorized Signatories, and based on the powers delegated to the Authority pursuant to Presidential Decree No. (132) of 2011 regarding the Licensing and Supervision of Specialized Lending Institutions, we hereby inform you of the necessity to

comply with the following:

1. All correspondence issued by specialized lending institutions and addressed to the Authority must be official and duly approved by the General Manager/Executive Director or the Chairman of the Board, or their authorized representative in their absence, pursuant to a specific written authorization.

2. The original hard copy of all correspondence received via the official email (scdivision@pma.ps) must be submitted (hand-delivered) within no more than three working days from the date of receiving the electronic correspondence.

We also confirm that no action will be taken or response provided to any electronic or paper correspondence received by the Authority from branches of specialized lending institutions.

Supervision and Inspection Department
Palestine Monetary Authority

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