Israel Securities Authority

The Israel Securities Authority (ISA) is Israel's securities regulator. Its Chairman is Moshe Tery.

The ISA was established pursuant to the Securities Law, 5728-1968, and its mandate is to protect the interests of the public investing in securities, as stipulated in the Law. Pursuant to this mandate, the Authority covers, among others, the following areas:
Granting permits to publish prospectuses, which enable corporations offer securities to the public.

Regulating and supervising the mutual fund industry.

Monitoring disclosure through the periodic reports that each company must file after issuing securities to the public through a prospectus, as long as the securities are held by the public.

Monitoring tender offers.

Ensuring fair and orderly trade of securities exchanges operating in Israel. At this time, Israel's sole exchange is the Tel Aviv Stock Exchange. The Authority reviews proposals to amend the stock exchanges bylaws and recommends their adoption to the Minister of Finance and to the Knesset Finance Committee. It also approves the stock exchange's directives and rules and amendments to them. In addition, the Authority is engaged in the supervision of trade on the exchange, and in addressing inquiries by the public pertaining to the exchange's operations.