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	Membership

Who are TASE members?

TASE members are banks and brokerage firms (a non-banking member corporation). Trading is carried out between TASE members on behalf of their customers.

Current composition of TASE membership:

12 Israeli banks

13 Brokerage firms, including two international investment houses

2 Foreign banks

Remote Member (1)


	Non-Bank Members
	Non-Bank TASE members are brokerage firms, whose main occupation is handling securities-related business on behalf of others. A non-bank TASE member may also engage in other areas of activity, on its own or through subsidiaries.


	The Membership and Surveillance Department of TASE
	The Department conducts the following activities: 1. Licensing of TASE members: · Applications for TASE membership (licensing). · Members’ applications to engage in new activities. · Receiving and disseminating reports on appointments to senior positions of TASE member companies. 2. Surveillance of TASE members: · The Department’s surveillance of banks focuses on subjects related to proper and fair trading, and the fairness of the banks’ dealings with their customers, as relevant to securities transactions on the TASE. · The Department’s surveillance of brokerage firms – in addition to subjects related to proper and fair trading, also focuses on the companies’ stability, i.e. equity requirements, limits on credit members may grant their customers, etc.


	TASE Regulations
	The rules related to requirements of TASE members in the areas of licensing and surveillance are detailed in the TASE Rules. For a summary of the qualifications required for TASE membership, click here.


	Structure of the Regulations
	Rules Regulations Temporary Regulations (if any) Appendices The Rules and Regulations are divided into sections, by subjects; each section of the Rules has a corresponding section of Regulations. The Rules stipulate the guidelines in general, in concise form. The Regulations expand and clarify the principles set forth in the Rules. When reading a section of the Rules, consulting the corresponding section of the Regulations is recommended.



	Contents of the Rules and Regulations