The ISA - Israel Securities Authority is the government securities regulator of Israel. The regulatory body was established in 1968.
The ISA – Israel Securities Authority is the government securities regulator of Israel. The regulatory body was established in 1968. The key responsibility of ISA is to assure an effective market work with its fundamentals being the transparency and fairness.
The Israeli watchdog works to fight the fraud, insider trading practices, suspicious accounting practices and other illegal activities that are potentially harmful for the Israeli’s capital marketplace and Israeli’s investors.
Fundamentals of ISA – Israel Securities Authority
The State of Israel has been established in 1948, yet the trading of securities has commenced in 1935. On the 1st of December, 1953 the formal trading began on the Tel Aviv Stock Exchange (TASE). The decade after, members of the Exchange created the TASE Clearing House. In 1968, the Israel Securities Authority was established. Furthermore, it became the modern regulatory body for the Tel Aviv Stock Exchange and its operations.
The Israeli watchdog is building its practices on the fundamentals of the US securities laws. Such principles were created in the wake of the 1929 Wall Street crash and the Great depression afterward. Also, the frameworks are aiming to protect the investor community.
ISA’s exchange TASE
Israeli’s watchdog’s sole exchange is the TASE. The Authority monitors the proposals to change the stock exchanges’ regulations. Moreover, the ISA is recommending their adoption to the Minister of the Financial of Israel. Also, the Knesset Exchange Committee receives the propositions.
The regulatory body ultimately approves the stock exchange’s frameworks and guidelines, and all the adjustments to them. Additionally, ISA is involved with the supervision of the trading activities on exchange. Lastly, the Authority also is engaged in addressing the inquiries by the public in relation to the exchange’s work flow.