Regulatory Alerts2018-01-01
Circular No. 4 of 2018: Compliance with the Requirements of Instructions No. 04-2017
The Palestine Monetary Authority requires all specialized lending institutions operating in Palestine to fully comply with the governance standards set forth in Instructions No. 04-2017. Institutions must submit a self-assessment report detailing compliance timelines by the end of the first quarter of 2018, formally present the governance code to their board of directors at its inaugural 2018 meeting, and periodically attach this report to draft audited financial statements for regulatory approval. These mandatory disclosures and board-level engagements enforce the licensing and supervision framework established by Presidential Decree No. 132 of 2011.
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