In June 2017, the government of Israel approved a draft bill to
amend the Securities Law that is intended to tip the scales in the
battle being waged in the financial trading sector over binary
options.
The draft bill has two key components:
The objective of the first component is to anchor in legislation
the directive of the Israeli Securities Authority (ISA) banning the
offering of binary options trading to Israeli customers through
trading rings by virtue of the following three elements: the
imposition of an express prohibition in this regard; a requirement
that any person applying for a license to manage a trading ring
from the ISA shall not offer binary options for trading as stated,
whether at the time of its license application or at any time after
receiving the license; the imposition of sanctions for a violation
of this prohibition, including by making the violation of this
prohibition a predicate offense pursuant to the
Prohibition of Money Laundering
