Dear clients,
The Israel Securities Authority (the “
ISA‘) published a Q&A (the “
Q&A“), following the publication of an
updated circular for registered fund managers (including foreign fund managers) and trustees on the list of characteristic titles for the purpose of classifying funds (the “
Publication“).
While the Publication states that the updated list will come into effect on July 1, 2023, according to the Q&A,
it is permitted to publish a comparison of funds according to the classification in the updated list, provided that the publication includes a footnote stating that the fund manager used the classification of the updated list.
For the Q&A in Hebrew >>
click here