© All rights reserved to Barnea Jaffa Lande Law offices

Together is empowering

Search by Practice

Client updates /  Underwriting

The Israeli Securities Authority has announced that distribution entities now may be liable for the contents of a prospectus. In a staff position paper published in late July, the ISA changed the rules of the game in the underwriting field by determining that a distributor, or an entity associated with a distributor, that purchases securities during an issuance and sells them within a short period of time (six months or less) shall be viewed by the ISA as an underwriter and shall be liable for the prospectus.
Categories: Capital Markets | IPOs and Public Offerings
Enter your email for newsletter sign up: