Law Firm ILN-telligence Podcast | Episode 34: Gil Rosen | Joseph Shem Tov & Co. | Israel
Investment funds have a variety of legal structures customized to investors’ various needs and investment policies. The two main fund structures are closed-end funds and open-end funds, which differ in several material...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
Recently, we have been witnessing a trend among institutional investors of preferring investment funds that take ESG (environmental, social and governance) considerations into account. ESG considerations lead to investments...more
When an institutional investor in Israel invests in an investment fund, it must comply with regulations set in the Supervision of Financial Services Regulations. In particular instances, the manner funds manage their affairs...more
Israeli investment funds are incorporated as limited partnerships under the Israeli Partnerships Ordinance. Investors are “limited partners” and the fund manager (or another corporation acting on its behalf) is the “general...more
On February 22, the Israeli Ministry of Finance published a draft bill for public comments to amend the Joint Investment Trust Regulations (Foreign Fund Unit Offerings). These regulations regulate the listing of foreign funds...more
We have recently received many queries from Israeli investors about the increased demands for KYC (know your customer) and AML (anti-money laundering) documents from Cayman Islands investment funds. Therefore, we thought it...more
The global stock index provider Morgan Stanley Capital International (MSCI), one of the largest stock index providers in the world, announced recently that it opened a consultancy process with regard to Israel’s possible...more
With the goal of expanding the public’s investment options, the Israel Securities Authority published in February 2020 a first draft of a document for public comments. The document details the core characteristics of two new...more
The Cayman Islands is one of the most preferred jurisdictions of the Israeli private investment funds industry. Israeli fund sponsors and experienced fund investors appreciate the Cayman Islands’ global status as a preferred...more
Last week the Israel Securities Authority published a directive on “Investment Management 2.0”. Investment Management 2.0 is effectively a service model for internet investment management operated through investment in...more
Despite not being an automotive hub historically, Israel has emerged as a hotbed of innovation for the industry. The convergence of technology with other sectors has been the driving force behind much of Israel’s tech boom...more
The Israel Securities Authority (ISA) recently published a proposal for amending the Securities Law as to the supervision of underwriters and distributors. The ISA aims to add a section to the law that would authorize it to...more
Israel’s investment industry has been reported as growing, and not surprisingly it has received interest from the Israeli Securities Authority. Late last year the ISA surveyed several funds and found that they were not...more