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Brief

Israel Securities Authority Ponders Waving Requirement for Hebrew-Language Reports

Unless dually listed in Israel and elsewhere, companies listed on the Tel Aviv Stock Exchange are currently required to file reports in Hebrew

Racheli Bindman 16:2809.12.18
The Israel Securities Authority is considering to turn English into the default reporting language for all companies listed in the country. While filing English-language reports is an option today for companies listed in Israel, only companies that are also listed elsewhere in the world can forego the Hebrew-language version.

 

The purpose of the proposed edict, according to the authority is to encourage more companies to list here.

 

About 60 companies dually-listed companies are currently traded on the Tel Aviv Stock Exchange.

 

Anat Guetta, ISA Chairperson. Photo: Amit Sha'al Anat Guetta, ISA Chairperson. Photo: Amit Sha'al

 

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