Regulatory Alerts2020-01-01
Instructions No. 37 of 2020 Regarding Quarterly Report Requirements, Interim Data, and Monthly Closing
The Palestine Monetary Authority issued Instructions No. 37 of 2020 to standardize and enforce transparency and disclosure requirements for specialized lending institutions. The directive mandates that licensed institutions submit unified quarterly reports via email by the 15th working day of each quarter, designate dedicated contact officers for regulatory correspondence, and finalize monthly financial closings by the third working day of the subsequent month. Additionally, it requires institutions to formally request approval for externally audited interim data by August 31 annually while repealing five prior supervisory instructions to consolidate regulatory reporting frameworks.
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