Investor Presentaiton
Market Accessibility
Median* Market Accessibility Ratings (June 2021)
Israel
EM Middle East
DM Europe
++
++
EM Europe
DM APAC
(Pacific)
++
++
++
+
++
++
++
EM APAC
++
++
++
++
++
++
Market Accessibility Assessments
• Israel has a ++ rating for all criteria
except for:
Criteria
Investor qualification requirement
++
Foreign ownership limit (FOL) level
Foreign room level
++
-/?
++
++
++
+
++
Equal rights to foreign investors
++
++
++
++
++
++
Capital flow restriction level
++
++
++
++
++
++
Foreign exchange market
++
++
++
liberalization level
Investor registration & account set
++
up
Market regulations
++
Information flow
+
Clearing and settlement
+
Custody
++
Registry/Depository
++
Trading
++
Transferability
++
Stock lending
++
Short selling
++
Availability of investment
++
++
instrument
+ ‡ ‡ + + ‡ ‡ ‡
++
++
+
++
++
++
++
+
++
++
++
+
++
+
++
++
++
++
++
++
++
++
++
++
++
++
++
++
-/?
++
++
++
+
•
-/?
++
+
++
+
-/?
++
+
++
+
++
++
++
++
Stability of institutional framework
++
+
++
++
++
+
- Information Flow: Corporate actions
information is occasionally
incomplete or not always disclosed
in a timely manner.
- Clearing and Settlement: The
settlement cycle is set at T+1 and
the DVP mechanism is different
from international standards.
Trading at the Tel Aviv Stock
Exchange occurs from Sunday to
Thursday.
MSCI
* The median for each criteria was calculated by ordering each market's ratings from highest to lowest.
Based on the MSCI 2021 Global Market Accessibility Review Report.
Information Classification: GENERAL
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