חוק הבנקאות (רישוי) (תיקון מס' 31), התשפ"ד-2024Banking Law (Licensing) (Amendment No. 31), 2024 · automatic translation · suggest a correction

Official summary of the law (Knesset)

The Law addresses two issues: the first, easing the sale of the holdings of the credit card company "Cal" by Discount Bank, by cancelling the prohibitions applicable to a large institutional body and to a significant real corporation regarding the acquisition of means of control in a credit card company from a bank with a broad scope of activity, as well as by extending the final deadlines for the separation between Discount Bank and Cal. The second issue concerns encouraging competition in the credit market by extending the prohibition on control of a credit card company also to a bank with a medium scope of activity, thereby preventing a situation in which there is a player controlling a credit card company but lacking incentives to act aggressively in that market.

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