Regulatory Alerts2015-01-01
Circular No. 12: Declaration of Borrower Status for Palestine Monetary Authority Employees
The Palestine Monetary Authority issued Circular No. 12/2015 requiring all banks operating in Palestine to adopt code (4000) for classifying its employees in the Sijili credit information and Nesham re-lending network systems. Banks must immediately update their records to reflect this designation, which aligns with existing private sector employee coding guidelines. This classification change applies exclusively to data reporting within these two specified regulatory systems.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (12/2015)
To all banks operating in Palestine
Date: Wednesday, 04 February, 2015
Subject: Declaration of Borrower Status for Palestine Monetary Authority Employees
Following the instructions of the Credit Information Systems (Sijili) and Re-lending Networks (Nesham), and in order to regulate the proper disclosure of the borrower status of Palestine Monetary Authority employees, all banks are requested to adopt code (4000) specified in the instructions for private sector employees and classify them in the data of these systems using this code.
Accordingly, all banks are requested to review the classification of Palestine Monetary Authority employees on the aforementioned systems and amend it in accordance with the content of this circular as soon as possible. Please note that this measure applies only for the purposes of using the aforementioned systems.
Public Relations and Market Discipline Department
Palestine Monetary Authority
Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922
Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487
Email: info@pma.ps