Netanyahu and Atkins discussed the mechanism for mutual recognition of securities registration by Israel and the United States

Prime Minister Benjamin Netanyahu met with US Securities and Exchange Commission Chairman Paul Atkins at his office in Jerusalem.

The meeting was attended by the Chairman of the National Economic Council, Professor Avi Simhon, the Director General of the Securities Authority, Oded Spierer, and the US Ambassador to Israel, Mike Huckabee.

The meeting discussed the possibility of promoting a mechanism for mutual recognition of securities registration, similar to the Multi-Jurisdictional Disclosure System (MJDS) model operating in the United States.

MJDS allows securities regulators in different countries to rely on each other’s reporting. The move is intended to make it easier for Israeli companies listed on the Tel Aviv Stock Exchange to enter US stock markets, reducing regulatory duplication, streamlining reporting procedures and increasing companies’ access to international capital markets.

This is significant news for investors who will be able to more easily and affordably trade securities listed on US exchanges, gaining access to high quality and promising companies.

The parties agreed that professional groups of securities authorities would meet to study the feasibility of implementing this model and the necessary regulatory adjustments between Israel and the United States.