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ISA Annual Report 2019

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ISA Annual Report 2019 1 ISRAEL SECURITIES AUTHORITY Annual Report 2019 Enhancing The Market to Drive the Economy ISRAEL SECURITIES AUTHORITY ISRAEL SECURITIES AUTHORITY Annual Report 2019 The following translation is intended solely for the convenience of the reader. The ISA does not assume any responsibility whatsoever as to the accuracy of the translation and is not bound by its contents. For the complete original text in Hebrew click here. Table of contents Definition of terms .......................................................................................................................................................................................................................................................................................................................5 From the Desk of the ISA Chair ....................................................................................................................................................................................................................................................................................6 Chapter A About the ISA ..................................................................................................................................................................................................................................................................................................................................12 Our Vision ............................................................................................................................................................................................................................................................................................................................................12 The ISA’s Strategic Goals for 2019-2022 .........................................................................................................................................................................................................................................................12 The ISA’s Areas of Responsibility ............................................................................................................................................................................................................................................................................13 The Scope of ISA Supervision ...................................................................................................................................................................................................................................................................................14 ISA Senior Staff, Organizational Structure, and Departments ...............................................................................................................................................................................................15 Contact the ISA ............................................................................................................................................................................................................................................................................................................................20 Chapter B Market Data from the Past Year ................................................................................................................................................................................................................................................................................21 Market Capitalization .............................................................................................................................................................................................................................................................................................................21 The Primary Market ................................................................................................................................................................................................................................................................................................................22 Traded Corporations .............................................................................................................................................................................................................................................................................................................29 Mutual Funds ...................................................................................................................................................................................................................................................................................................................................31 Investment Advisers, Investment Marketers, and Investment Portfolio Managers ...................................................................................................................................38 Chapter C Highlights of the ISA’s Activities ...............................................................................................................................................................................................................................................................................40 First Goal - Maintaining a Fair Capital Market .........................................................................................................................................................................................................................................40 Enforcement ...................................................................................................................................................................................................................................................................................................................................40 Regulation and Supervision ..........................................................................................................................................................................................................................................................................................65 ISA Invests in Investors ........................................................................................................................................................................................................................................................................................................76 Second Goal - Enhancing the Public Capital Market ......................................................................................................................................................................................................................78 Third Goal - Advancing Technological Innovation in the Capital Market ..............................................................................................................................................................88 Fourth Goal - Promoting Competition in the Capital Market ................................................................................................................................................................................................96 Chapter D Budgets 2019, 2010 ...............................................................................................................................................................................................................................................................................................................102 Report of the Freedom of Information Officer, Pursuant to Section 5(A) of the Freedom of Information Law ....................................................106 Public Enquiries ........................................................................................................................................................................................................................................................................................................................107 ISA Brochures and Guides for the Public Published in 2019 ..............................................................................................................................................................................................108 ISA Databases Registered According to the Freedom of Information Law.......................................................................................................................................................108 ISA Funds and Grants .......................................................................................................................................................................................................................................................................................................109 ISA Support to Public Institutions .......................................................................................................................................................................................................................................................................109 Chapter E Corporate Social Responsibility .............................................................................................................................................................................................................................................................................110
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