The Israel Securities Authority recently published a staff legal position addressing the licensing requirements for businesses operating in the “Buy and Sell” or “Reseller” model in online marketplaces. The position clarifies...more
12/4/2024
/ E-Commerce ,
Exemptions ,
Internet Retailers ,
Israel ,
Israel Securities Authority (ISA) ,
Licenses ,
Online Marketplace ,
Online Platforms ,
Payment Systems ,
Resales Agreements ,
Supply Contracts ,
Third-Party Service Provider
The Israel Securities Authority recently published a draft of a new directive for payment companies and holders of basic initiation licenses or approvals regarding reporting to the Authority. According to the Draft, payment...more
On June 6, 2024, the Regulation of Payment Services and Payment Initiation Law came into effect. Relevant entities may now submit license applications for providing payment and payment initiation services....more
7/16/2024
/ Bank of Israel ,
Customer-Loyalty Programs ,
E-Commerce ,
Exemptions ,
Financial Services Industry ,
Foreign Entities ,
Foreign Financial Institutions (FFI) ,
Israel ,
Israel Securities Authority (ISA) ,
Licensing Rules ,
New Legislation ,
Payment Systems
For financial service providers in Israel, including of non-bank credit and financial asset services, 2022 was the year of regulatory creation. Regulatory authorities published a number of circulars and directives that...more