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Insights & News / Michal Koren
Licensing and Supervision of Broker-Dealers: Key Points of the New Memorandum of Law
New Court Ruling Clarifies Legal Boundaries for Offering of Foreign Investments in Israel
New ISA Rules on Foreign Brokers’ Supervision of Marketers
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.
New Restrictions on Hedge Funds in Israel
The Israel Securities Authority recently published a staff position that has material implications on the hedge fund sector in Israel and on the investor public, including the mode of incorporation of hedge funds and the limit on the number of investors in a fund.
Bill to Amend the Investment Advice Law to Allow General Investment Advice without a License
The Israel Securities Authority recently published a draft bill for the Regulation of Investment Advice, Investment Marketing and Investment Portfolio Management Law. The purpose of the bill is to regulate the area of of general investment advice services and to allow those services without the need for an advice license, while still meeting some requirements.