Financial Information Service Order – Postponement Order Due to requests from licensed credit providers and licensed operators of credit brokerage system, who are deemed as information sources pursuant to the Financial...more
Recently, the Israel Securities Authority (ISA) published draft rules regulating entities’ notice of exemption from the obligation to obtain a license to provide payment or payment initiation services....more
1/14/2025
/ Compliance ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Israel ,
Israel Securities Authority (ISA) ,
Payment Services Directive ,
Policy Drafting ,
Proposed Rules ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements
The Israel Securities Authority recently published a draft of a new directive for payment companies and holders of basic initiation licenses or approvals regarding reporting to the Authority. According to the Draft, payment...more
Recently there has been a significant increase in administrative enforcement proceedings, warning letters and motions to certify class actions in relation to the Processing of Packaging Law. The law, enacted back in 2011,...more