Regulatory Alerts2025-01-01
Lending-2025 - Circular No. 27: Outputs of the Second Meeting of the Sustainable Finance Working Group
The Palestine Monetary Authority issued Circular No. 27 to mandate sustainable finance disclosures for all licensed financial institutions, requiring alignment with the TCFD framework, IFRS S2, and ISSB standards. The circular establishes a standardized reporting framework utilizing the Global Industry Classification Standard (GICS) and sets mandatory compliance timelines effective from February 2025. Supervisory oversight will enforce consistent implementation across the sector to enhance transparency and regulatory alignment.
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