Tel-Aviv Stock Exchange (TASE)

Country
Israel
Number of listed companies
457
Domestic market capitalization
242,593
SSE Partner Exchange

No

Has annual sustainability report

No

Requires ESG reporting as a listing rule

No

  • However, TASE now requires that investors take social responsibility into consideration in their policy statements (Annual Review 2017)
Has written guidance on ESG reporting

No

Offers ESG related training

No

Has sustainability-related indices

Yes

Has sustainability bond listing segment

No

Has SME listing platform

No

Additional information
  • Immediately after the approval of the demutualization plan of TASE, a member holding means of control of TASE at a rate higher than 5%, such holdings will not be granted rights beyond the rights conferred by a holding of 5% of all means of control of the TASE.
Organizational model of stock exchange
  • Private company for profit; in process of demutualization (2017)
Regulatory model
Strong Exchange (SRO) Model
  • The Tel-Aviv Stock Exchange (TASE) has strong regulatory jurisdiction when it comes to market operation. TASE's own rules govern membership, listing and registration of companies and securities, market Surveillance, and obligations of listed companies. Any additional regulation comes from the Israel Securities Authority, which acts as a second layer of regulation and market oversight.
About the stock exchange
Location: Tel Aviv, Israel
  • The Tel Aviv Stock Exchange fulfills a major role in the Israeli economy and is a key  player in the nation's economic growth. It is the home turf on which corporate Israel raises capital to finance investments and activities, and for the government to bring the public into its companies as they are privatized. The state-of-the-art exchange is also home to the local investment community and securities sector. Today the market has become an advanced, top of the line venue for trading in securities of all types.  Multiple reforms have opened the Israeli market to the world, and brought the world to the Israeli investor. Yet the advanced technology and the sophistication of its wares assures that the TASE will remain a vital trading arena for Israeli and foreign investors alike. (Source)
Ownership of Exchange (Shares >4% only) Share