Client Update | Removal of Barriers to TASE Membership | TASE will Grant Membership to Israeli Entities Operating Only for Nostro Accounts
14 April 2019
On April 7, 2019, the Tel Aviv Stock Exchange announced its suggested proposals to the TASE Rules to further the removal of barriers to the entry of new members to the stock exchange.
The removal of the barriers will allow for the first time Israeli entities to become stock exchange members even if they only operate for nostro accounts. In addition, the TASE will reduce the minimum capital requirement from NIS 22 million to NIS 15 million.
The public may submit comments to the suggested proposals until April 28, 2019.
Our firm assists a number of Israeli and foreign entities regarding TASE membership and has considerable experience regarding this issue. Please do not hesitate to contact us should you wish our assistance with the process for obtaining TASE membership.
For the Full Wording of the Suggested Proposals, click here.