Israel Securities Authority

the israel securities authority was established under the securities law-1968, which defines its function as protecting the interests of the investor public.‎‎‎‎‎‎‎ to this end, the isa is active in the following areas, among others: ‎‎‎‎‎ *the isa issues permits to publish prospectuses that provide details about an offering of securities for sale to the public, and prospectuses of mutual funds' offerings of units for sale to the public.‎‎‎‎‎‎‎‎‎‎ *the isa reviews reports that are filed by reporting entities, including: ‎‎‎‎‎ -‎‎‎‎‎immediate reports, quarterly and annual financial statements;‎‎‎‎‎ ‎‎‎‎‎ -reports of transactions between companies and their controlling shareholders;‎‎‎‎‎ ‎‎‎‎‎ -reports on private offerings of securities;‎‎‎‎‎ ‎‎‎‎‎-purchase offer specifications;‎‎‎‎‎ ‎‎‎‎‎ -mutual funds' current reports.‎‎‎‎‎ *‎‎‎‎‎issues licenses to portfolio managers, investment advisors and investment marketers, and regulates and supervises their operations. ‎‎‎‎‎ ‎‎‎‎‎*