According to the Securities Law, the ISA Chair and Plenum members are appointed by the Minister of Finance. Plenum members are members of the public. Several members are government employees and one is an employee of the Bank of Israel.
The Plenum operates through its committees, which focus on the following topics: applications for permits to publish a prospectus; matters related to the supervision of the stock exchange and trading platforms; the ISA’s budget and funds; internal audits; permits and licenses granted according to the Funds Law, the Rating Law, and the Investment Advice Law; monetary fines, and; financing class and derivative actions.
The ISA Plenum generally convenes monthly.
