Israel Securities Authority Ponders Waving Requirement for Hebrew-Language Reports

The Israel Securities Authority is considering to turn English into the default reporting language for all companies listed in the country. While filing English-language reports is an option today for companies listed in Israel, only companies that are also listed elsewhere in the world can forego the Hebrew-language version.

The purpose of the proposed edict, according to the authority is to encourage more companies to list here.

About 60 companies dually-listed companies are currently traded on the Tel Aviv Stock Exchange.