Various mechanisms are deployed to protect the investing public, as stipulated in Legislation and the TASE Rules and Regulations.
Capital Market Regulation
- The TASE operates under a license granted by the Minister of Finance.
- The Israel Securities Authority supervises the fair and proper management of the TASE, as well as the activity of the TASE Clearing House and MAOF (Derivatives) Clearing House.
- The Ministry of Finance supervises financial services corporations, including: insurance companies, pension funds and provident funds
- TASE members that are banks are supervised by the Supervisor of the Banks at the Bank of Israel, as well as by the TASE regarding the issues involving integrity and fairness of trading
- Non-banking member corporations are supervised by the TASE, by its Membership and Supervision Department
Further information on capital market regulation >
TACT trading system
"TACT", TASE's automated trading system, incorporates various investor protection mechanisms. The most prominent of these is the "circuit breaker" mechanism, which halts trading on the equity market in cases of extreme volatility.
Further information on trading safeguards >
TASE Clearing Houses
In order to mitigate counterparty risk, the TASE Clearing House (TASECH) acts as central counter party (CCP) to all transactions. In this manner it takes on itself the risk that one of the parties to a transaction will not meet its commitment.
Further information on the TASE Clearing House >
