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Who may be a remote member? |
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A remote member may be a bank or international investment house that was incorporated in one of the following countries: United States, Canada, Australia, Japan and some of the European countries, and that is a stock exchange member in the country in which it was incorporated. |
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Conditions that a remote member must fulfill: |
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- A remote member must have been a stock exchange member for at least 10 years, of one or more of the following stock exchanges:
- London Stock Exchange – LSE
- NYSE Euronext
- Deutsche Borse (Frankfurt)
- EUREX (Germany)
- Swiss Exchange – SWX
- Tokyo Stock Exchange
- The competent authority in the country in which it was incorporated, and the competent authority in at least one of the countries in which it has operated as a stock exchange member for at least 10 years, have a cooperation agreement with the Israeli Securities Authority.
- A remote member shall at all times have a minimum equity of at least one billion US dollars.
- A remote member shall insure itself with appropriate insurance, including its activity on TASE.
- A remote member shall have the mechanism, means, computer systems and professional personnel required for its regular activity on TASE.
- A remote member shall appoint a senior manager who shall be responsible on its behalf for its activity on TASE.
The qualification conditions required of a remote member are detailed in the Rules.
For Remote Membership Guide, click here  .
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