This Corporate and Securities Client Update discusses several recently published Israel Securities Authority staff positions:
• The Israel Securities Authority’s recently published update to staff legal bulletin 104-15: Disclosable credit event, in which, among others, a definition for the term “Material Loan” has been added (for purposes of implementing of the SLB).
• The Israel Securities Authority’s responses to recent pre-ruling consultations and “No-Action” letters, regarding: definition of the term “Material Merger” with respect to the reports regulations; capacity for serving as an external director; definition of the term “Accredited Client”; non-uniform offer in the course of a foreign court supervised debt restructuring.
Legal Update: Corporate and Securities Law - March 2017 (Hebrew)
By FBC | Mar 2017 | Legal Update
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