Banking Law Reform in the Palestinian Territories

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"but information or details that were brought to the supervisor's attention, may be disclosed, if the supervisor sees a need to do so for the purposes of a criminal investigation or indictment of for the area's security needs, or if the information or document were received from an authorized bank - with the bank's approval. (b) 12.

subsection e will be deleted.

addition of section 20A after section 20 of the law: "20A. (a) if the supervisor believes that a debt that is owed to the bank is a bad

debt, or that an asset of an authorized bank is registered in its books at an amount exceeding its value at that time in a sale from a willful seller to a willful purchaser, he may instruct the authorized bank to set aside the required amount in an appropriate fund. (b) an instruction according to section a is like a notice according to section 20(c). 13.

amendment to section 21 in section 21 of the law, between the words "accountant" and "the condition"

the words "whose appointment is approved by the supervisor" will be inserted. 14

amendment to section 23


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