New Bulletin Aims To Clarify Dual Listing Process

Author:Ms Nitzan Sandor, Sharon Rosen and Ron Sitton
Profession:Fischer Behar Chen Well Orion & Co
 
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On 30 December 2018 the Corporate Finance Department at the Israel Securities Authority issued its Staff Legal Bulletin (110-01) - Dual-listed companies: issuance, reporting, listing and delisting (see the bulletin here). It is a summary of the most up-to-date information on the issuance, reporting, listing and delisting of dual-listed companies, intended to clarify and reflect those processes for dual-listed companies and companies considering dual listing.

The bulletin addresses, among other things:

the listing process of a dual-listed company, including the: registration document; listing permit; undertaking to adopt Israeli Companies Law provisions; conditional listing; and...

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