Israeli Investment Law: Licensing Exemption for Qualified Clients Does Not Mean Full Regulatory Exemption
By
Avihai Tal
Summary
This article explains that under Israeli law, providing investment advice, marketing, and portfolio management services requires a license from the Israel Securities Authority. While there is a widely used exemption for services provided to "qualified clients," the article emphasizes that this exemption from licensing does not mean exemption from the law itself. The regulation imposes ongoing compliance obligations even for those who qualify for the licensing exemption.
Source
bskyIsraeli Investment Law: Licensing Exemption for Qualified Clients Does Not Mean Full Regulatory Exemptionjdsupra.comKey quotes
· 3 pulledThe Regulation of Investment Advice, Investment Marketing and Investment Portfolio Management Law stipulates that providing investment advice, investment marketing, and investment portfolio management services is contingent upon obtaining an appropriate license from the Israel Securities Authority.
The law, however, provides for several exceptions to the licensing requirement.
It is important to emphasize at the outset: an exemption from a license is not an exemption from the law.
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