Israeli regulator may exempt small firms from Q1, Q3 reports
Israel's securities regulator said on Tuesday it may exempt small public companies from filing two of four quarterly financial reports a year, in order to attract more listings in Tel Aviv.
"Among other things, we are currently considering increasing exemptions for small companies. This includes considering giving up first and third quarter financial statements and easing corporate governance," Israel Securities Authority Chairman Shmuel Hauser told a business conference in Tel Aviv. Trading volumes in Tel Aviv have fallen in recent years, with many new companies preferring to list abroad. Share volumes have recovered somewhat to an average of 1.425 billion shekels ($376.7 million) a day over the first five months of this year, from 1.21 billion in 2014.
