TASE Promotes a Proposal for the Entry of Nostro Players as TASE Members
On April 7, 2019, the Tel Aviv Stock Exchange (TASE) published a proposed amendment to the Stock Exchange Regulations, whereby the barriers to the entry of new TASE members will be removed and for the first time Israeli entities will be allowed entry into the stock exchange even if they operate exclusively for nostro.
In addition, according to the proposal, the TASE will reduce the minimum capital requirement for non-bank members from NIS 22 million to NIS 15 million only.
The full proposed amendment of the Stock Exchange Regulations can be found at the following link. The public is invited to submit its comments to the proposal by April 28, 2019.