Regulatory Alerts2018-01-14
Added · Updated
Circular No. 4/2018: Compliance with the Requirements of Instructions No. 04-2017
The Palestine Monetary Authority issued Circular No. 4/2018 to mandate compliance with Instructions No. 04-2017 governing specialized lending institutions. The directive requires all affected institutions to submit a self-assessment report with a compliance timeline by the end of the first quarter of 2018, formally present the governance code to their boards at their first 2018 meeting, and periodically attach the self-assessment to draft audited financial statements for regulatory approval. These requirements establish a structured implementation framework and ensure continuous supervisory oversight of institutional governance practices.
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