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Client Updates

Jan 10, 2018

Client Update | Publication of Report Summarising Findings regarding Immediate Reporting by the Israeli Securities Authority (ISA)

On Monday, 8th of January, 2018, the Israel Securities Authority ("the Authority") published a report on the findings regarding immediate reporting (the "Report") after conducting a sample audit to examine the compliance of companies within the provisions of Articles 36 and 37A2 of the Securities Regulations (Immediate and Periodic Reports), 5730-1970 ("Reporting Regulations"), which dictate a duty to report any event or matter that deviates from the corporation's business, as well as an obligation to apprise [the ISA] of developments occurring after said reporting.

To read the full update (in Hebrew) - click here.