The Companies Regulations (Reliefs for Companies Whose Securities are Listed on a Stock Exchange Outside of Israel) (Amendment), 5784-2024

On March 11, 2024, an amendment to the Companies Regulations (Reliefs for Companies Whose Securities are Listed on a Stock Exchange Outside of Israel) 5760-2000 was published (the “Amendment” and the “Reliefs Regulations”, respectively). According to the explanatory notes to the Amendment, against the backdrop of the Iron Swords war, and while noting its economic impact on the economy, it is becoming increasingly necessary to reduce the burden on Israeli companies traded only on foreign stock exchanges (the “Foreign-Listed Companies”) and on Israeli companies traded both on Israeli and foreign stock exchanges (the “Dual-Listed Companies”), and to encourage these companies to continue to incorporate in Israel. The Amendment focuses on two main categories.
In the memorandum, the main changes are detailed.