ISA IL

 Joint Announcement The taskforce will review the regulatory and legal implications of the use of artificial intelligence in the financial sector. It will recommend steps to promote innovation in this sector and suggest required amendments to current regulation. The taskforce includes members from the Ministry of Finance, the Ministry...

As time flies...let's recap what we've done so far in our first annual report launching today! We launched the 35+ forum in October 2021; we took the time to meet with various stakeholders who have a direct and indirect connection to accelerate and influence gender diversity; we held two amazing...

In response to growing demand by reporting corporations, the ISA is expanding its support for corporations wishing to file their financial reports in iXBRL. The ISA published a no-action letter regarding corporations that file in iXBRL rather than as PDF files. The ISA expects to make a digital viewer...

תוכן דף Following the bulletin published by the Commission for Equal Rights of Persons with Disabilities (CRPD) on December 1, 2022, the Israel Securities Authority (ISA) wishes to inform the public of the following information, which as conveyed to it by the CRPD in response to the ISA’s query: 1. To comply...

תוכן דף The Administrative Enforcement Committee has approved an enforcement agreement which the Israel Securities Authority has signed with Fanta Ray In-House. A monetary fine in the amount of NIS 350,000 was imposed on the company for offering securities to the public without releasing a prospectus. Additionally, a suspended fine...

94% of all investment consultation licensees in Israel are employed by banks Consultation services in banks are provided to approximately 355,000 consulted accounts, in which assets total approximately NIS 350 billion being managed The value of an average consulted account in Israeli banks currently amounts to approximately NIS 950,000 Most activity...

The ISA's Sanctions and Fines Committe accepted the Administrative Enforcement Division's recommendation to sanction three reporting entities, a mutual fund manager and an investment advisor, at a total sum of NIS 2.25 million. The violations which led to the sanctions were disclosure violations and violations of corporate governance. For the...

In Order to Increase Transparency and Help the Investing Public Compare Tracking Funds: • A directive that regulates the management of tracking funds; • A directive that regulates the relationship between the fund managers and index providers, and sets mandatory standards the indices must abide by so they can be used...

תוכן דף Tel Aviv District Court (Economic Department), by the honorable Judge Sigal Yakobi, dismissed Sharon Zchut's petition in the matter of the Enforcement Committee's decision to find him liable for a reporting violation when he served as CEO of Ravad. The violation concerned a delayed reporting by Ravad of violating the...

תוכן דף The Israel Securities Authority, headed by Chairwoman Ms. Anat Gueta, released a proposal for public commentary on amending regulations dealing with disclosure of gender diversity on boards of directors of reporting corporations, mutual funds, and large portfolio management companies. The amendment of the regulation is designed to support...

תוכן דף The Administrative Enforcement Committee, headed by Judge (ret.) Bilhah Kahana, and members of the committee, Adv. Tal Even Zahav and Dr. Kobi Kastiel, approved the request of the Chairwoman of the Israel Securities Authority, Anat Guetta, to permanently cancel Mordechai Zietz's portfolio management license. Zeitz was the only controlling...

תוכן דף About 550 fintech companies operate in Israel, employing some 20,000 people in Israel. The number of companies and the number of people employed in them is relatively high in comparison to international counterparts. In 2021, the industry's contribution to Israel's GDP amounted to approximately NIS 8.2 billion, which is...