Client updates / Payment Law

Applicability of Payment Services and Initiation of Payment Law in Trust Frameworks

25 December 2024 / Ori Rodriguez

The Israel Securities Authority recently published a legal staff position aimed at clarifying the applicability of the Payment Services and Payment Initiation Regulation Law to activities conducted within trust/escrow accounts. The position outlines interpretative tools to differentiate between payment services that require licensing, and activities exempt from such requirements. Normative Framework The Payment Services Regulation […]

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Categories: Capital Markets Regulation | Regulation

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Client updates / Payment Law