Recently, the Israel Securities Authority (ISA) published draft rules regulating entities’ notice of exemption from the obligation to obtain a license to provide payment or payment initiation services....more
1/14/2025
/ Compliance ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Israel ,
Israel Securities Authority (ISA) ,
Payment Services Directive ,
Policy Drafting ,
Proposed Rules ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements
2024 was characterized by a multitude of regulatory directives to payment companies and to payment initiation companies as part of the preparations for the licensing obligation that came into effect in June 2024. This year...more
1/7/2025
/ AML/CFT ,
Capital Markets ,
Compliance ,
Financial Regulatory Agencies ,
Financial Services Industry ,
Harmonization Rules ,
Israel ,
Israel Securities Authority (ISA) ,
Licensing Rules ,
Payment Systems ,
Proposed Regulation ,
Regulatory Requirements ,
Risk Management ,
Strategic Planning
The Israel Securities Authority recently published a legal staff position aimed at clarifying the applicability of the Payment Services and Payment Initiation Regulation Law to activities conducted within trust/escrow...more
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