Regulatory Alerts2012-01-01
Instructions No. 3 of 2012 Regarding Working Capital and Cash Guarantees
The Palestine Monetary Authority issued Instructions No. 3 of 2012 to regulate working capital and cash guarantee requirements for all exchange companies and individual money changers operating in Palestine. The document defines working capital composition, mandates minimum paid-in capital ratios, and establishes specific limits on fixed assets, intangible assets, and partner withdrawals. It further stipulates mandatory bank guarantees, cash deposits, and maximum aggregate guarantee caps based on the legal structure of the entity and its operational scope.
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