Regulatory Alerts2018-01-01
Lending-2018- Circular No. 90 Updated Quarterly Reports File (Unified Report and Provision Schedule)
The Palestine Monetary Authority issued Circular No. 90/2018 mandating all specialized lending institutions in Palestine to submit updated quarterly reporting files comprising the unified report and provision schedule. This requirement implements Article 22 of Presidential Decree No. 132 of 2011 and aligns with prior directives to integrate reporting with modernized technological and automated systems. Institutions must complete and submit the attached documentation concurrently with their standard quarterly reports by the end of the second quarter of 2018.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (90/2018)
To all specialized lending institutions operating in Palestine
Date: Tuesday, April 24, 2018
Subject: Updated Quarterly Reports File (Unified Report and Provision Schedule)
In accordance with the requirements of Article (22) of Presidential Decree No. (132) of 2011, and in reference to the requirements of Circular No. (2014/37) regarding the submission of unified reports and the requirements of Instructions No. (2014/02) regarding the submission of the provision schedule, and with the aim of keeping pace with the technological environment and automated systems alongside the requirements of the updated quarterly reports; all specialized lending institutions are required to complete the attached files and submit them simultaneously with the periodic quarterly reports at the end of the second quarter of the current year.
Please accept our highest regards,
Supervision and Inspection Department
Palestine Monetary Authority
Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2415310 | Max: +970 2 2415310
Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 | Max: +970 8 2844487
Email: info@pma.ps