Regulatory Alerts2025-01-01
Circular No. 75/2025: Cybersecurity Regulatory Framework Instructions
The Palestine Monetary Authority issued Circular No. 75/2025 to require all banks operating in Palestine to submit a cybersecurity gap assessment within two weeks of the circular's issuance. This mandate follows the Cybersecurity Regulatory Framework Instructions No. 11 of 2022 and subsequent consultations regarding the implementation of Phase 1 and Phase 2 requirements. Banks must utilize the attached PMA CSF Final file to accurately determine the gap between their current status and the regulatory requirements.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (75/2025)
To all banks operating in Palestine
Date: Thursday, July 10, 2025
Subject: Cybersecurity Regulatory Framework Instructions
Following our instructions regarding the Cybersecurity Regulatory Framework No. (11) of 2022 and Circular No. (2022/293), and following consultations during the past two years regarding the implementation of the requirements of Phase 1 and Phase 2 of the aforementioned instructions, all banks are required to provide the Palestine Monetary Authority with an assessment of their status within two weeks from the date of issuance of this circular. This assessment must identify the gap between the current situation and the requirements of these instructions based on the attached file (PMA CSF Final), with due attention to data accuracy.
Supervision Group Palestine Monetary Authority
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 - Ramallah and Al-Bireh Governorate - Palestine P.O. Box info@pma.ps | Fax: +970 2 2415310 | Fax | Tel: +970 2 2415251 | Phone | Postal code: P6160675 | Postal Code