Most of the focus over the past year has been on the events of October 7 and the ensuing war. Not only the citizens, but also the legislative and regulatory authorities in Israel have been devoting most of their time to deal...more
9/18/2024
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Bank of Israel ,
Capital Markets ,
Corporate Governance ,
FATF ,
Financial Institutions ,
Israel ,
New Regulations ,
Payment Systems ,
Privacy Laws ,
Risk Management
The emerging risks in the financial services market and the inception of the Regulation of Payment Services and Payment Initiation Law prompted the Capital Market, Insurance and Savings Authority (CMISA) to amend a series of...more
8/14/2024
/ Banking Sector ,
Capital Markets ,
Compliance ,
Corporate Governance ,
Cybersecurity ,
Financial Regulatory Agencies ,
Financial Services Industry ,
Guidance Update ,
Insurance Industry ,
Israel ,
New Guidance ,
p2p ,
Payment Systems ,
Related Parties ,
Risk Management
About two years ago, motions to certify class actions were filed against dozens of public companies and reporting corporations in Israel, alleging violations of provisions of the Equal Rights for Persons with Disabilities...more
3/31/2023
/ Case Consolidation ,
Class Action ,
Corporate Governance ,
Disability Discrimination ,
Dismissals ,
Employment Litigation ,
Investors ,
Motions in Limine ,
Publicly-Traded Companies ,
Reporting Requirements ,
Warning Letters
The Israeli Capital Market, Insurance and Savings Authority (CMISA) recently published drafts of two important circulars regulating financial asset service providers, including provisions regarding protection of virtual...more
The Bank of Israel published its latest annual review at the end of May. The review includes an announcement by Supervisor of Banks Yair Avidan that he is promoting the formulation of updated comprehensive regulations on...more
Israel’s Privacy Protection Authority has published its recommendation that every organization appoint a privacy protection officer. This officer’s task is to implement the privacy protection laws that apply to the...more
A recently launched government program aims to encourage companies to publish social responsibility reports, or ESG (environmental, social, and government) responsibility reports. The Ministry of Strategic Affairs in the...more