ISR CB Iron Swords Banking Order


On Jun. 19, ISR CB consulted on changes to temporary banking order.


  • ISR CB consulted on version 7 of adjustments to the instructions for proper banking management for the purpose of dealing with the iron swords war (temporary order).
  • Follows ISR CB Mar. 2024 proposed temporary banking management order, #205612.
  • Sections 2c, 5a, 5b, 6iii, 6iv, 6a, 6b, 9a (b), shall be repealed; visible changes on draft.
  • Effectiveness
  • Comments can be submitted until Jun. 24, 2024.
  • Jun. 30, 2024 Instruction v7 Published
  • On Jun. 30, 2024, ISR CB published cir H-2788 on v7 of adjustments to instructions for proper banking management to deal with the war of iron swords (temporary order).
  • The amended instruction will remain in effect until Dec. 31, 2024.
  • Oct. 30, 2024 Instruction V8 Published
  • On Oct. 30, 2024, ISR CB published circular 2802 on Adjustments to the instructions of proper banking management for dealing with iron swords war (temporary order).
  • Dir 251, v8 makes updates to multiple provisions, expiry dates from Dec. 31, 2024.
  • In Dec. 2024, ISR CB consulted on extending validity of directive, v 9, see #237485.

Regulators ISR CB
Entity Types Bank; CNSM; MSB
Reference Cir H-2802, Dir 251 v8, PR, 10/30/2024; Cir H-2788, Dir 251 v7, PR, 6/30/2024; PR, 6/19/2024; CP 111526, 6/18/2024; Dir 251
Functions Advertising; AML; BCS; Complaints; Compliance; Financial; Market Conduct; Reporting; Risk; Technology; Treasury
Countries Israel
Category
State
Products Banking; Cards; Deposits; Loan; Payments
Regions EMEA
Rule Type Final
Rule Date 6/19/2024
Effective Date 12/31/2024
Rule Id 216593
Linked to Rule :205612
Reg. Last Update 10/30/2024
Report Section International

Last substantive update on 11/04/2024