Aggregated News From Investment Management Regulators

Israel

Update for the public with respect to the investigation regarding Michael Ben-Ari and EFGE Israel

תוכן דף The Israel Securities Authority (ISA) has recently opened a criminal investigation regarding Michael Ben-Ari and EGFE Israel, on suspicion of violating the Israeli Joint Investment Trust Law, Regulation of Investment Advice, Investment Marketing and Portfolio Management Law, the Penal law and the Prohibition on Money laundering Law. This is a large scale Ponzi scheme that was uncovered by the ISA.  As part of this investigation, Ben-Ari spent time under house arrest, and after that the Tel Aviv Magistrate Court ordered that he will be put under restrictive conditions, including a ban on him leaving the country, depositing his passports...

Update for the public with respect to the opening of a criminal investigation regarding Michael Ben-Ari and EFGE Israel

תוכן דף Following numerous inquiries from investors, the Israel Securities Authority (ISA) wish to update the public that it has recently opened a criminal investigation regarding Michael Ben-Ari and EGFE Israel, on suspicion of violating the Israeli Joint Investment Trust Law, Regulation of Investment Advice, Investment Marketing and Portfolio Management Law, the Penal law and the Prohibition on Money laundering Law. As part of this investigation, Ben-Ari was released by the Tel Aviv Magistrate Court under restrictive conditions. The ISA works tirelessly to protect the investing public interests, and to uncover the truth as quickly as possible. According to law, the ISA...

The comment of Adv. Eyal Offir, Director of the International Affairs and Business Development Department at the Israel Securities Authority, on the dual listing...

תוכן דף The following is the comment of Adv. Eyal Offir, Director of the International Affairs and Business Development Department at the Israel Securities Authority, on the dual listing of the first ETF of Lyxor on the Tel Aviv Stock Exchange: “We congratulate Lyxor, the first ETF under the management of the European Fund Manager, on its registration for trade on the Tel Aviv Stock Exchange under the Dual Listing Arrangement. Connecting the Israeli capital market to the global capital market is a strategic goal of the ISA. The Dual Listing Arrangement is a key mechanism for implementing this strategy. Therefore it has...

The Israel Securities Authority is extending the dual-listing arrangement for ETFs to additional stock exchanges around the world

תוכן דף The Israel Securities Authority (ISA) is extending the dual-listing arrangement for Exchange Traded Funds (ETFs) to additional leading stock exchanges around the world. Extending this arrangement is a major part of the ISA market developing efforts to open Israel's capital market to leading international participants and to diversify the investment instruments available to the private investors in Israel. Today, the ISA issued a call for public comments on expanding the list of exchanges to be included in the dual-listing arrangement for ETFs. The ISA intends to define a separate list of global stock exchanges whose traded ETFs may also...

ADGM FSRA and Israel Securities Authority sign landmark Innovation and FinTech MOU

תוכן דף Abu Dhabi, UAE, 18 November 2020 – The Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA) and the Israel Securities Authority (ISA) have entered into an Innovation and FinTech cooperation MOU, marking an important step in promoting a collaborative regional environment for FinTech to thrive in. Besides providing a framework to facilitate information sharing, it seeks to achieve greater connectivity and market access for start-ups, talent and investment between the two jurisdictions. With this new partnership, the ADGM FSRA and the ISA will undertake initiatives to promote economic growth in financial services by adopting new technology and strengthening...

The Israeli Securities Authority and the Hong-Kong Securities and Futures Commission signed today an MoU for collaboration on FinTech issues

תוכן דף 11.17.2020 The Israeli Securities Authority ("ISA") and the Hong-Kong Securities and Futures Commission ("SFC") signed today an MoU for collaboration on FinTech issues. The MoU establishes the principles of cooperation and information sharing, with the aim of promoting and cultivating innovation in the financial service sector. This will enable the SFC and the ISA to exchange information on innovation and FinTech trends in their respective markets. The two regulators intend to support innovative companies in their international development, by helping them to better understand the regulations in each of the two countries and the statutes essential to carry out their...

Global IPO in Tel Aviv

Global IPO in Tel Aviv Source link

Israel Securities Authorities’ Chairwoman:”The goal is to have entities such as JPM, which introduced no-fee online brokerage services for their clients, to enter the...

תוכן דף Address of ISA Chair at the Calcalist Conference, September 5, 2018 Good morning everyone, I am happy to be here and take part in this important conference. This morning, I would like to share with you my worldview as a regulator and the directions that the ISA plans to take in the next few years. First, I would like to begin from my plans for the ISA. Since assuming my position as chairperson of the ISA eight months ago, in view of  the importance of outlining a long-term strategy for the ISA, I headed an in-depth project to define and develop such...

Chairwoman of Israel Securities Authority, Anat Guetta, announced her decision to appoint retired judge Dr. Bilha Kahana to the role of Chairperson of the...

Chairwoman of Israel Securities Authority, Anat Guetta, announced her decision to appoint retired judge Dr. Bilha Kahana to the role of Chairperson of the Administrative Enforcement Committee, to fill the place of retired judge Beracha Ofir-Tom who has completed her appointment term after nine years. Dr. Kahana will join the Administrative Enforcement Committee which has operated since 2012, and will lead the committee panel alongside retired judge Zeev Hammer, and along with four committee members appointed by the Justice Minister. Retired judge Dr. Bilha Kahana served as a judge in the Magistrates Court of Jerusalem during the years 1993-2004.  Dr. Kahana...

Effects of the Corona Virus on Financial Disclosures and Reporting in Financial Statements for Q1/2020 and Subsequent Periodic Reports

Effects of the Corona Virus on Financial Disclosures and Reporting in Financial Statements for Q1/2020 and Subsequent Periodic Reports Source link

Accounting treatment of COVID-Related rent concessions attributed to the coronavirus crisis period

Accounting treatment of COVID-Related rent concessions attributed to the coronavirus crisis period Source link

World Investor Week WIW2020 10 easy questions and you’ll find the investor in you – Are you a koala? a lion? or a fledgling?

תוכן דף Israel Securities Authority Chairwoman, Anat Guetta: “The ISA constantly strives to increase awareness of financial education in general and of responsible investing in particular. In the current era, the Internet gives the public access to a multitude of information. On the other hand, the public is exposed to, and even inundated, with a variety of offers from various bodies. Precisely like investments in the capital market, accessibility to the Internet creates opportunities alongside risks. I therefore consider it extremely important to use these tools to reach the human mosaic of which the Israeli public is composed. In the...

Regulator Information

Recent Articles

C447 – ESMA Guidelines (ESMA35-36-1952) on certain aspects of the MiFID II compliance function requirements

See the Circular published by the Cyprus Securities and Exchange Commission (CySEC CY) here: Source link

Tero Kurenmaa to head Legal Unit at the FIN-FSA

Tero Kurenmaa, Doctor of Laws (LLD), has been appointed Head of the new Legal Unit at the FIN-FSA for a five-year term, commencing 1...

Treasury and IRS Announce Families of 88% of Children in the U.S. to Automatically Receive Monthly Payment of Refundable Child Tax Credit

First Payments to Be Made on July 15 The U.S. Department of the Treasury and the Internal Revenue Service announced today that the first monthly...

SEBI seeks public comments on the Consultation Paper on the proposed framework for Gold Exchange in India and draft SEBI (Vault Managers) Regulations, 2021

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Warning concerning the website www.cap-international.co (only in French)

This news item was originally published by the Commission de Surveillance du Secteur Financier (CSSF LU). For more information, please see the Source Link.

Get the latest from Regulatory.News in your inbox!

×