Israel – TASE Extends Short Selling Consultation Deadline

Israel – TASE Extends Short Selling Consultation Deadline

On 29 September 2021, ISR TASE further extended deadline for consultation until 31 October.

Key Changes

  • Delete the definitions lender member and borrowing member, correct the definitions sale missing, lender and borrower, and add a definition to missing balance.
  • Amend definition of short sale so a customer who borrows a security from a member and transfers it to another will be consideredto be a short selling customer.
  • Updates to the wording of instructions relating to the borrowing method.
  • Currently, a member must cover a short created as a result of a mistake within 2 trading days; ISR TASE may extend the period by an additional 8 trading days.