ISR TASE Exchange Guidelines Update


On Feb. 5, ISR TASE exchange guideline changes were approved.


  • ISR ISA approved amendments to TASE exchange guidelines regarding trading.
  • Follows Nov. 2023 ISR TASE published decisions of board of directors, see #192296.
  • Amendments
  • Amendments introduced state that fraction trading will occur once a year on Dec. 25 or next trading day and will be executed by receiving written orders from members.
  • Also, stock value will be based on prices published by the company or through a sequential system and results of alternative purchase offers published, and sale of received securities will occur only after acceptance of the purchase offer.
  • Effectiveness
  • The approved amendments will enter into force in the index update that will take place in the month of May 2024 with a 30 day notice for market participants.

Regulators ISR TASE
Entity Types B/D; Corp; Exch
Reference PR, 2/5/2024
Functions Compliance; Legal; Operations; Trade Reporting; Trading
Countries Israel
Category
State
Products Corporate; Derivatives; Equity; Fixed Income; Issuance/IPO; Securities
Regions EMEA
Rule Type Final
Rule Date 2/5/2024
Effective Date 5/1/2024
Rule Id 200387
Linked to N/A
Reg. Last Update 2/5/2024
Report Section International

Last substantive update on 02/08/2024