Media Centre
Client Update | Update with regard to the Prohibition on Offering Securities-Trading Services (“Brokerage”)
9 November 2017
On July 6, 2017, Section 49A of the Securities Law, 5728-1968, came into force, which concerns the prohibition of offering securities trading services through a securities trading system that is not managed by a stock exchange. However, alongside the prohibition, the Chairman of the Israeli Securities Authority (“ISA”) was authorized to grant a permit to apply for such an offer if he found that this does not harm the interests of the Israeli investors.
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