On Jan. 12, ISR CMA issued subsidiary legislation for law 5782-2021.
ISR CMA published subsidiary legislation regarding the Financial information service law, (Law 5782-2021), covering various changes to licensing requirements for entities.
Follows ISR Justice Nov. 2024 proposed delay on commencement date, see #232157.
Incorporated changes including 3 orders and 1 regulation affecting other legislation, with the consolidated Law being available on the Ministry of Justice's records website.
The Regulatory Impact Assessments (RIA) for Regulation and the small scope Order
had also been provided, as part of the information that ISR CMA was now publishing.
Orders and Regulations
Financial Information Service Order (small scope of activity regarding an information source that is a licensee to provide credit, a licensee to operate a credit brokerage system, or a licensee to provide deposit and credit services or an institutional body).
In addition, Financial Information Service Regulations (Qualifications to the Obligation to Provide Access to Financial Information), 2025, making changes to requirements.
Financial Information Service Order (Postponement of the commencement date of the law regarding an information source that is a holder of a license to provide credit or a holder of a license to operate a credit brokerage system), under Law 5785–2024, see #232157.
Financial Information Service Order (Postponement of the effective date of the law regarding an information source that is an institutional body or a holder of a license to provide deposit and credit services), made under Law 5774-2023, see #190413.
Regulators
ISR CMA
Entity Types
Bank; CNSM; CU; IA; IB; Ins; Inv Co; Pension
Reference
PR 1/12/2025; Law 5782-2021; Law 5785-2024; Law 5774-2023
