The Committee to Examine the Regulation of Decentralized Cryptographic Currency Issuance to the Public
Final Report of the Inter-Ministerial Committee for Establishment of a Dedicated Stock Exchange for Small and Medium-Sized Companies in Israel
Interim Report of the Inter-Ministerial Committee for the Study of the Establishment of a Dedicated Stock Exchange for Small and Medium-Sized Companies in Israel
The Committee for Improving TASE Trading Efficiency and Liquidity - Final Report (Summary)
The Committee for Promotion of Investments in Publicly Traded Research and Development Companies – Final Report (Summery)
The Committee for Improving TASE Trading Efficiency and Liquidity, whose establishment was initiated by the ISA Chair, Prof. Shmuel Hauser, submitted its interim conclusions in September 2013.
The Committee for Improving TASE Trading Efficiency and Liquidity, whose establishment was initiated by the ISA Chair, Prof. Shmuel Hauser, submitted its interim conclusions in September 2013. The committee was established to study and suggest alternative methods to improve trading and liquidity of the securities listed on the TASE, in view of the TASE’s low trading volumes in recent years, which adversely affects both the secondary and the primary markets.
The members of the Committee, headed by Prof. Moshe Ben-Hurin, include representatives of the ISA, the TASE, the Ministry of Finance Capital Market Division, the Bank of Israel, and experts from the academia and the financial market. Representatives of numerous organizations from a broad range of fields, operating in the financial market, appeared before the Committee, and the positions of numerous global experts in the field were noted.
The Committee’s conclusions include a series of recommendations for the immediate, short, and long term.
The Committee for Promotion of Investments in Publicly Traded Research & Development Companies – Interim Report
Final Report of the Inter-departmental Committee on Custody Services in the Israeli Capital Market
The inter-ministerial committee that was established to regulate custodial services in Israel's capital market published its final recommendations in December, 2011. The committee recommends norms to be formulated regarding custodial services and steps to be taken to ensure their adoption and implementation in Israel's capital market.
The committee was headed by Ms Yael Almog, Adv. Director of the International Department of the Israel Securities Authority, and its members were representatives of the Capital Market Division of the Ministry of Finance, the Bank of Israel, the Tax Authority, and the Securities Authority.
This document is the English translation of the Hebrew report. The link to the full Hebrew report (which is the official version) may be found in the footnote on page 2 of the English report.
Report of the Inter-departmental Committee on Custody Services in the Israeli Capital Market
'Custody' refers to the safekeeping of securities for their owners in a way that guarantees their ownership rights and permits safe enjoyment of the fruit of the investments (e.g. payments, rights and notices). Custody services are amongst the most fundamental in any capital market. An inter-departmental committee chaired by Ms Yael Almog of the ISA and including representatives of the three Israeli regulatory authorities and other government offices carried out a survey of the custody market in Israel and the current regulation of the field as well as investigating the regulation in some developed markets. The committee's recommendations for enhanced regulation are set out in the Annex to the report.
The link below is to the English summary of the Hebrew report. The link to the full Hebrew report (which is the official text) may be found in the footnote on page 3 of the English report.
Report of the Committee for examination of various aspects of Securitization (the issue of Asset-Backed Securities)
The Committee Report has three goals: One – to increase awareness and understanding of the importance of the securitization market in Israel, all its aspects included. Two – to examine the existing situation in Israel and to establish what the barriers are preventing the development of the proper securitization market here. Three – to make recommendations regarding both regulations and supervision that are required to allow the development of a regulated and fair securitization market that will ensure public interests
Committee for the formulation of ethical guide lines regarding information dissemination, related to Securities, on the Internet. (Kasher Committe)
Various Internet sites, including economic once, often constitute a meeting place for those who play on the financial market. Many of the players get updated in real time, regarding developments on financial markets, through these sites or by means of different services provided by them (forums, communities, talk-back mechanisms and so on). These satellite services are the most problematic once as far as dissemination of accidental information by users is concerned.
Examination of Corporate Governance in Israel
The recommendations relate to improved independence of the Board of Directors, particularly in the area related to controlling shareholders' transactions, improvement in the workings of the auditing/balance committee pertaining authorization of companies' financial reports, improving in the quality of disclosure and reporting done by corporations, deepening the involvement of public institutions as an auditing entity of corporations in which they invest and the creation of a specialized court for Securities and Companies Law.