Aggregated News From Investment Management Regulators

New Initiative by the ISA: “Dual Listing” of American and British Mutual Funds and their offer to the public in Israel.

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Amendment to the Joint Investment in Trust Law that promotes the aforesaid initiative has been approved by the plenum of the ISA. The chairman, Mr. Moshe Tery said: “This is a big step toward the strategic goal of capital market improvement. We are constantly acting toward creating a legal infrastructure that will allow introduction of new financial instruments”.

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