New Bulletin Aims To Clarify Dual Listing Process

On 30 December 2018 the Corporate Finance Department at the Israel Securities Authority issued its Staff Legal Bulletin (110-01) – Dual-listed companies: issuance, reporting, listing and delisting (see the bulletin here). It is a summary of the most up-to-date information on the issuance, reporting, listing and delisting of dual-listed companies, intended to clarify and reflect those processes for dual-listed companies and companies considering dual listing.

The bulletin addresses, among other things:

• the listing process of a dual-listed company, including the:
• • registration document;
  • listing permit;
  • undertaking to adopt Israeli Companies Law provisions;
  • conditional listing; and