Friday January 19 2018
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Israel
Link: //www.isa.gov.il/sites/ISAEng/1489/1511/Pages/Dual-listing.aspx
On 19th January 2018, the Israel Securities Authority approved proposals to extend the dual-listing arrangement to include the following three Exchanges: Singapore, Hong Kong, and Toronto.
The dual-listing arrangement that came into force in 2000 in response to worldwide globalization, allows companies whose securities are listed for trade on certain foreign stock exchanges to list their securities for trade also in Israel, based on disclosure according to the foreign law that applies to them, rather than Israeli law.
The extension of the dual listing regime will come into effect later this year, pending the approval of the other exchanges.
For additional information please click the link above