Aggregated News From Investment Management Regulators

ISA IL

Expansion of International Funds Listing in Israel

תוכן דף The Knesset Finance Committee has approved the Securities Authority's initiative to expand the supply of international funds traded in Israel. These international funds can soon be listed on the Tel Aviv Stock Exchange, and to increase and diversify the investment opportunities in the Israeli capital market. In 2017, the regulations on international funds were amended, allowing more international funds to be offered to the public. 39 international funds are currently being traded, and the intention of the amendment is to increase Israel's exposure to investments from the world and to provide overseas parties with access to the local capital...

Remarks by the Israel Securities Authority Chairwoman, Anat Guetta, at the Bank of Israel Conference on “Financial Infrastructures to Promote Competition”

תוכן דף Good morning, everyone, I am delighted to have the opportunity to speak to you here today. This meeting brings together the financial supervisors in Israel, all of us tasked with protecting the public’s interest. I will talk today about the financial revolution we are promoting with the Ministry of Finance, the Bank of Israel, and other government entities, to put in place technical infrastructures to upgrade the financial system and open the market up to competition for the benefit of the citizens of Israel. We set out on the path together with the Supervisor, Yair Avidan, and thanks to all the partners,...

The Innovation Authority, the Israel Securities Authority, and the Bank of Israel have Launched the Data Sandbox Program for Fintech Companies Specializing in Payment...

תוכן דף The Israel Securities Authority (ISA) in collaboration with the Innovation Authority has launched its fifth Data Sandbox Program for fintech companies specializing in payment and account information services. The program is designed to promote innovation that increases efficiency and competition in Israel’s capital markets and financial sector, improves the availability and quality of services to the public and reduces prices. For the first time, the Bank of Israel is joining the ISA and the Innovation Authority and will participate as an observer in evaluating fintech companies' applications based on their degree of innovation, potential contribution to the Israeli...

Israel Securities Authority Chairwoman Appoints Attorney Lavi Ovnat as Director of ISA’s Department of Investigations, Intelligence, and Market Surveillance

תוכן דף Chairwoman of the Israel Securities Authority (ISA) Anat Guetta appointed Attorney Lavie Ovnat as Director of ISA’s Department of Investigations, Intelligence, and Market Surveillance. Attorney Ovnat will replace Attorney Zippi Gez who has been appointed as a judge in the Tel Aviv Magistrates Court. Ovnat began his career at the ISA in 2006 as an investigator in the Department of Investigations, Intelligence and Market Surveillance. In 2009, he was appointed as head of the investigation team and proceeded to lead the team through complex economic investigations involving securities and Penal Law violations in Israel and overseas. During his tenure...

Addition to the Account Information Service Providers Directive is Published by the ISA for Public Comment

תוכן דף Chairwoman of the Israel Securities Authority (ISA) Anat Guetta discussed the addition regarding payment initiation activities and stated, “The ISA is continuing its efforts to make advanced financial services available to the public and to increase the competition in the financial market, in line with global standards. Opening the market to these new payment initiation services will expand the range of payment services that are currently available and will simplify the payment process for the public and for businesses. Payment initiation services will also give fintech companies a new avenue for operations alongside account information services, which will...

Israel Securities Authority (ISA) Chairwoman Submits 2021 Annual Report to the Minister of Finance

תוכן דף   Minister of Finance Avigdor Lieberman: "The number of IPOs that we have seen on Israel's stock exchange and the scope of domestic and foreign investments, which include investments in the high-tech sector, are evidence of the strong appeal of Israeli companies and of Israel's market in general. The Israel Securities Authority is promoting important initiatives to develop the capital market and new financial services and options for the public. For example, last year, the ISA led the account information services reform, and today we are poised for the launch of one of the most important reforms for the...

Israel’s First Government Hackathon on Blockchain Technology Implementation

תוכן דף CyPop group, which developed technology in the field of SupTech, won Israel's first blockchain hackathon. As part of the hackathon, innovative solutions were devised to provide solutions to challenges in the fields of issuing and managing government debt, as well as asset services such as securities and sovereign debt, voting rights implementation, dividends and interest distribution and streamlining regulatory reporting processes. This unique hackathon is the product of cooperation between the Israel Securities Authority under Chairwoman Anat Guetta, the Accountant General of the Ministry of Finance Yali Rothenberg, Start-Up Nation Central managed by Avi Hasson, and the Start-Up Nation Policy...

Israel Approved to Join IOSCO’s Enhanced Multilaterial Memorandum of Understanding (EMMoU)

תוכן דף Israel Approved to Join IOSCO’s Enhanced Multilaterial Memorandum of Understanding (EMMoU) The EMMOU expands collaboration with securities commissions worldwide as part of efforts to reinforce investor protection mechanisms ISA Chairwoman Anat Guetta stated: "In recent years, securities violations have become more complex, also as a result of their increasing transnational character. Our participation in the EMMoU alongside other advanced countries is a (symbol) of honor for the quality of Israeli securities regulation and its investor protection. Our membership will help us continue to effectively enforce securities violations and help other securities commissions around the world in their efforts to do...

Israel Securities Authority Chairwoman, Anat Guetta’s speech at the Fintech in an Open Financial World Conference held jointly by the Securities Authority and the...

תוכן דף Good morning, all. "Our joy increases with the arrival of the month of Adar." For me this is a particularly joyful day; Adar, Purim and twice-blessed Tuesday, how could a reform begin in more joyful circumstances? It is important for me to say that in order to succeed in a major reform such as the open financial world reform there must be steadfast and bold strategic cooperation, and so I would like to thank Mr. Yair Avidan, the Supervisor of Banks and the entire banks supervision team. The supervision of banks under his leadership is a true partner on a long road. Together,...

The Israel Securities Authority and the Bank of Israel held a conference on Fintech in an Open Finance World

תוכן דף The Israel Securities Authority, under chairwoman Anat Guetta, and the Supervisor of Banks in the Bank of Israel, under Supervisor Yair Avidan, held a joint conference today on the open banking reform as a step toward promoting an "open finance" system. The conference was held in preparation for the implementation of the Account Information Service Law in June 2022, which from there on companies can offer account information services to the general public. The reform is based on the principle that customers' personal financial information belongs to them, and they have a right to decide where this information should...

Israel Securities Authority Prepares for Regulation of Payment Services as Account Information Service Providers Initiate Operations

תוכן דף  ISA Chairwoman Anat Guetta announced a series of organizational changes: • The Account Information Services and Payment Services Division will be merged into the Investment Department, headed by Ms. Inbal Polak. • Ms. Orly Koren was appointed Deputy Director of the Investment Department and head of the Account Information Services and Payment Services Division • Ido Twig was appointed Deputy Director of the Stock Exchange and Trading Platforms Supervision Department ISA Chairwoman Anat Guetta: "The Account Information Services Law, which was recently enacted by the Knesset, and the Regulation of Payment Services Law, which is moving forward toward legislation,...

Israel Securities Authority is leading the design of the Open Finance  for the benefits of Israeli public and economy.

תוכן דף To this end, Israel Securities Authority seeks that Israeli market will be based on the most accepted standard in the field, Berlin Group standards. The Berlin Group is a pan-European initiative that aims to create technical standards for and harmonise the payments system and prompt open banking. In light of of above and the Account Information Service Law that passed in November 2021 and in order to maintain a standard methodology connection to Israeli  fintechs under Israel Securities Authority responsibility,  Israel Securities Authority joins the openFinance Advisory Group & Board.  Israel Securities Authority  looks very much forward to increased and...

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EBA replies to European  Commission’s call for advice on the Mortgage Credit Directive review

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