Client Update | Prohibition Against Trading Foreign Securities – General Permit Conditions according to Section 49A – Draft for Public Comment
Categories: Banking & Finance, Capital Markets, Corporate and M&A
Following our Client Update of November 9, 2017 the Israeli Securities Authority (“ISA”) has published a draft for public comment regarding the policy of granting permits to global stock exchanges and broker-dealers who wish to provide services to the Israeli public. On June 10, 2018, the ISA published a draft for public comment, regarding the conditions pursuant to which a permit may be issued under Section 49A of the Securities Law. In the draft it is noted that there are different conditions that apply to stock exchanges and to other entities wishing to offer securities-trading services.
