The Israel Securities Authority provides guidance for the first time regarding the interplay between the Joint Investment Trust Law and the Securities Law
On July 17, 2019 the Israel Securities Authority (the “ISA”) issued a staff position paper (the “ISA Circular”) in which the ISA for the first time clarified its position regarding the correlation between the Israeli Securities Law, 1968 (the “Securities Law”) and the Israeli Joint Investment Trust Law, 1994 (the “Joint Investment Law”) in the context of private investment funds.
