On Dec. 15, 2024, ISR CMA announced that the commencement date of Financial Information Service Order (Postponement of the commencement date of the law regarding an information source that holds a license to provide credit or a license to operate a credit brokerage system), 5785-2024, was postponed until May 14, 2025.
Document dated Dec. 15, 2024, received from ISR CMA Dec. 17, summarized Dec. 20.
In Jan. 2025, ISR CMA issued subsidiary legislation for law 5782-2021, see #240194.
On Nov. 3, ISR Justice proposed a delay on the commencement date.
ISR Justice Ministry of Finance published a draft Financial information service order (postponement of the starting date of the law regarding an information source that is licensed to provide credit or licensed to operate A credit brokerage system), 2024.
Financial information service law 2021 came into force in June 2022, establishing a framework for the purpose of providing financial information services.
IT is proposed that the application date of the law should be postponed to allow the information sources listed in the draft order to prepare for optimal implementation.
Also allow for assessment completion and development of financial information system.
Effectiveness
The proposal is open for public comments until Nov. 10, 2024.
The proposed commencement date of the law is May 14, 2025.
Nov. 4, 2024 Updated Information
On Nov. 4, 2024, ISR CMA issued draft financial information service order files sent.
Regarding postponement of the starting date of the law regarding an information source that holds a license to provide credit or a license to operate a credit brokerage.
Draft financial information service orders are published in PDF and Word versions, along with cover letter also available in Word and PDF versions with explanations.
No further changes have been made to the text of the proposed draft.
Dec. 2024 Commencement Date Postponed
On Dec. 15, 2024, ISR CMA announced that the commencement date of Financial Information Service Order (Postponement of the commencement date of the law regarding an information source that holds a license to provide credit or a license to operate a credit brokerage system), 5785-2024, was postponed until May 14, 2025.
Document dated Dec. 15, 2024, received from ISR CMA Dec. 17, summarized Dec. 20.
In Jan. 2025, ISR CMA issued subsidiary legislation for law 5782-2021, see #240194.
