Michal is a lawyer in our firm’s Capital Markets Department, where she specializes in providing legal advice in the field of financial regulation.
Michal advises corporations licensed to operate as investment counselors, investment marketers, or portfolio managers, as well as private companies, investment funds, trading floors, and financial entities, on the implications of local regulation on their activity in the capital market.
Michal represents her clients in the process of preparing and integrating compliance and enforcement plans. In addition, she counsels on the activities of companies’ internal enforcement officers and assists the corporate secretariat.
Prior to joining Barnea, Michal worked in the field of mutual funds.
Tel Aviv University, LL.B., 2012
Member of Israel Bar Association since 2013
Insights & News - Michal Koren:
Investment Advice and New Technologies: Amendment to Israeli Directive
In order to contend with the meager supply of investment advice or portfolio management services via technological interfaces, the Israel Securities Authority has published a proposed amendment to the directive focusing on two main services: trading signal services and social trading. Both of these services rely on digital media.
ISA – New Obligations for Foreign Brokerage Service Providers
The Israel Securities Authority’s (ISA) new draft amendment to the general permit to offer foreign brokerage services in Israel proposes to obligate permit holders to supervise the activities of marketers on their behalf. For example, permit holders must carry out due diligence examinations of marketers.
Regulation of Broker-Dealer Activity
While the activity of most financial intermediaries in Israel is regulated and supervised, broker-dealers have so far operated in an unsupervised manner and without dedicated regulation. In light of this, the Israel Securities Authority has published a legislative memorandum aimed at regulating the field of broker-dealers in Israel.