חוק ניירות ערך (תיקון מס' 62), התשע"ז-2017Law on Securities (Amendment No. 62), 2017 · automatic translation · suggest a correction

Official summary of the law (Knesset)

The Securities Law (Amendment No. 62), 2017 (hereinafter – the Amendment), was approved in second and third readings on 20 March 2017. The Amendment establishes that a stock exchange will be able to purchase, from the New York Stock Exchange or from the Nasdaq exchange, securities traded on those exchanges of corporations whose market value exceeds 50 billion dollars, if those corporations are not incorporated in Israel and have no real connection to Israel – and to register those securities for trading on the exchange. A stock exchange in Israel will be permitted to purchase shares of up to 50 corporations, unless the Minister of Finance sets a higher number by order. It was further established that a stock exchange that registered securities for trading under the Amendment will ensure that the registration for trading and the trading of those securities is done in a manner that allows them to be distinguished from other securities registered for trading on the exchange, and that investors will be given information about the risks involved in trading the securities registered for trading under the Amendment.

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