Banking Law Reform in the Palestinian Territories

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"(b) the head of the civil administration may, for reasons of the area's security or public interest, act in the ways determined in section 7(b) with the necessary changes." 17.

addition of sections 25A to 25C after section 25 of the law: "25A. Authorized banks will pay the civil administration a license fee every year,

and an additional fee for every extra branch; the supervisor will determine by order the amount of the fee and the time of payment. 25B.

In any case that an authorized bank must pay a fine according to this law

or its regulations, orders or provisions that were given according to it, the head of the civil administration may, in addition to any remedy, instruct the supervisor to transfer to him the amount of the fine instead of obligating the authorized bank to deposit a sum with the supervisor. 25C.

(a) The supervisor may give instructions - generally or to a specific

authorized bank- in the matter of the composition of the board of directors of an authorized bank and in the matter of the subjects that will be brought before the board of directors of an authorized bank.


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