The Israeli Security Authority (ISA) is seeking feedback on draft regulations regarding the public offering of structured notes linked to currencies, securities indices or commodities. The move follows a 10-year period with no structured note public offerings in Israel.
In addition, the regulator has begun the reform of exchange-traded notes (ETNs) by introducing a new provision that will transform the assignment of ETNs from a bond to a mutual fund. The reform came into effect in October 2018 and continued until the end of the year. During this period about 700 ETNs and tracking funds were converted into exchange-traded funds (ETFs). The alteration was carried out in 10 stages, each of which included products that belong to similar classification groups. The
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