Netanyahu meets with SEC chair to ease Israeli companies’ path to US exchanges

Prime Minister Benjamin Netanyahu meets with US Securities and Exchange Commission (SEC) chairman Paul Atkins to advance a model that would make it easier for Israeli companies to register and list their stocks on exchanges in the US.

During the meeting in Jerusalem, the two discussed the possibility of promoting a mechanism of mutual recognition in securities registration, similar to the so-called Multi-Jurisdictional Disclosure System (MJDS) model used in the US, according to a statement from the Prime Minister’s Office.

The move is expected to make it easier for Israeli companies listed on the Tel Aviv Stock Exchange to register for trading in the US, while reducing regulatory duplication, streamlining reporting procedures, and boosting the companies’ accessibility to international capital markets, the PMO says.

Also attending the meeting are National Economic Council chairman Prof. Avi Simhon, Israel Securities Authority Director-General Oded Spirer, and US Ambassador to Israel Mike Huckabee.

During the meeting, it was agreed that joint professional teams of both securities authorities will meet to examine the feasibility of promoting the model as well as the regulatory adjustments required for its implementation between Israel and the US.