The Israel Securities Authority recently updated the amounts that an individual investor must have in order to be deemed a “Qualified investor.” This update applies solely to investors who are individuals and not to...more
The Israel Securities Authority published a position statement recently addressing various issues pertaining to brokerage activities and offerings of joint investment arrangements, including the applicability of the...more
In October of this year, the Israel Securities Authority published a memorandum of law aimed at regulating broker-dealer activities in Israel. Public comments will be accepted until 21/11/24. At issue is an initiative that...more
The Israel Securities Authority has published several additional revisions to the Israeli money market reform since the Knesset approved legislative amendments designed to promote competition in the money market, and since...more
The Knesset approved a series of legislative amendments this past July designed to promote competition in the money market – money market mutual funds, deposits and government bonds (short-term loans maturing in less than one...more
9/3/2024
/ Banking Sector ,
Conflicts of Interest ,
Disclosure Requirements ,
Investment Adviser ,
Investment Portfolios ,
Israel ,
Israel Securities Authority (ISA) ,
Money Market Funds ,
Mutual Funds ,
Professional License ,
Retail Investors ,
Tel Aviv Stock Exchange (TASE)
In recent years, a new field called “prop trading” has emerged. It enables traders to trade financial products such as stocks, commodity bonds, cryptocurrencies, CFDs, and forex products without using their own money, but...more
7/22/2024
/ Capital Markets ,
CFTC ,
European Securities and Markets Authority (ESMA) ,
Forex ,
Investment Management ,
Investment Portfolios ,
Israel ,
Israel Securities Authority (ISA) ,
Proprietary Trading ,
Regulatory Authority ,
Trading Platforms
This past August, the US Securities and Exchange Commission took enforcement action against Impact Theory, a US media company that sold NFTs called “KeyNFTs.” It filed a second enforcement action shortly thereafter, against...more
The Israel Securities Authority recently promulgated its revised legislative proposal addressing the applicability of securities laws to digital assets. The proposed legislation aims to determine how securities laws will...more
As part of the Arrangements Law for the years 2023-2024, the Israeli government makes extensive reference to expanding and creating a regulatory infrastructure in the digital assets field. As part of the draft bill (also...more
The Israel Securities Authority is proposing to apply the same laws to digital assets as apply to financial assets, which are under the ISA’s supervision. The legislative amendments include revisions to definitions of the...more
The Tel Aviv District Court (Economics Department) recently handed down a ruling in the Ceragon Networks Ltd. case. The ruling states that dual-listed companies may face exposure to lawsuits based on the liability rules under...more
6/22/2021
/ Class Action ,
Corporate Governance ,
Corporate Liability ,
Disclosure Requirements ,
Foreign Corporations ,
Foreign Exchanges ,
Israel Securities Authority (ISA) ,
Jurisdiction ,
Listing Standards ,
Reporting Requirements ,
Securities Violations ,
Stock Exchange ,
Tel Aviv Stock Exchange (TASE)
Over the past year, raising capital through SPACs (special purpose acquisition companies) has become a hot trend on Wall Street. A SPAC is a company with no business operations formed solely to raise capital through an IPO...more
The Israel Securities Authority recently established guidelines on when a cryptographic currency (token) is considered a security. The ISA determined that Kirobo tokens meet the definition of a security. This is primarily...more
The Israeli Securities Authority has announced that distribution entities now may be liable for the contents of a prospectus. In a staff position paper published in late July, the ISA changed the rules of the game in the...more
The Israel Securities Authority recently published a staff position that has material implications on the hedge fund sector in Israel and on the investor public.
This position was issued against the backdrop of a judgment...more