In 2012 the Israel Securities Authority published the "Road Map" – a blueprint for strategic goals devised by the ISA with the aim of contributing to the investing public and developing the capital market.
The Road Map blueprint is based on three interwoven principles with strong reciprocal relations: regulation, de-regulation (reliefs for the supervised entities) and regulatory tools for developing the capital market.
The ISA's blueprint and objectives were devised on the basis of fundamental principles by which the ISA operates: balance, proportionality, transparency, enforcement, and deterrence.
In the area of regulation, main projects on the ISA's agenda are set out in detail, including the regulation of areas such as trading platforms, rating companies, consulting to institutional investors, and supervision of the work of auditing accountants.
In the area of de-regulation, the Road Map includes the Reliefs in Regulation blueprint for public comments, in which a number of reliefs are being considered in the main areas of the ISA's supervision. The reliefs are in three fields: reliefs for all supervised entities; reliefs for small companies; and changes in the ISA's conduct and in its work procedures as part of its continuing efforts to act transparently and effectively. Since the ISA's duty to protect the investing public is its guiding principle, these reliefs were chosen with great care and after a thorough examination of the entire existing regulation under the ISA's supervision.
In the field of market development, the Road Map sets out the key projects intended to promote the capital market as an important springboard for economic growth and an essential instrument for the efficient allocation of sources in the economy. Among the projects are the promotion of investments in public companies engaged in research and development, the setting up of Internet Voting System, the deployment of new instruments and players in the capital market such as Basket Funds, Securitization, etc.
The ISA is working energetically to achieve the Road Map goals: legislation of the law on Reliefs in the Capital Market and the Encouragement of Activities in it has been completed, and also regulations under it, including the Regulation of Deposit and Loan Funds (a solid investment instrument). Legislation has also been completed of the Law to Regulate the Activity of Credit Rating Companies, and the provision on the matter of clarifying the client's needs and matching the service provided by an investment adviser has been amended. The ISA is continuing to act on amendments to various laws, such as the Law to Promote Investment in Public Companies Engaged in Research and Development, and on further relief for licensees through amending the insurance requirements applicable to them.