Regulatory Alerts2019-01-01
Circular No. 25/2019: Compliance with Monthly Data Closing Requirements
The Palestine Monetary Authority issued Circular No. 25/2019 to mandate strict compliance with monthly financial data closing requirements for all specialized lending institutions operating in Palestine. The directive reiterates that institutions must finalize their monthly financial statements by the end of the third working day of the following month, as previously stipulated in Circular No. 2018/101. This requirement is emphasized to align with international accounting standards and ensure the accuracy and reliability of financial reporting and institutional oversight.
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