Financial Services Supervision Law (Regulated Financial Services), 5776-2016
חוק הפיקוח על שירותים פיננסיים (שירותים פיננסיים מוסדרים), תשע"ו-2016
Unofficial English translation — for reference only. It may contain errors or omissions and cannot be relied on as a legal text. Only the Hebrew text published in Reshumot is legally binding.More
This English text was translated from the official Hebrew using a range of translation tools, and it undergoes ongoing checks and updates. It is not a certified translation.
Despite these checks, it may contain errors, omissions, or imprecise renderings of legal terminology and cross-references, and it may not yet reflect the latest amendments. It cannot be relied upon as a legal text.
The Hebrew text as published in Reshumot (ספר החוקים) and on the Knesset website is the sole authoritative and legally binding version. In any discrepancy, the Hebrew text prevails.
This translation is provided for informational purposes only and does not constitute legal advice. For use in legal proceedings, request a certified Expert Legal Opinion.
Section C: Indirect Amendments – Temporary Provisions
Amendment of the Anti-Money Laundering Law – Temporary Provision§
During the period from the commencement date until the later commencement date, the Anti-Money Laundering Law shall be read as follows:
""Regulated Financial Services Law" – the Financial Services Supervision Law (Regulated Financial Services), 5776-2016;
"credit service provider or deposit and credit service provider" – a holder of a licence to provide credit or a licence to provide deposit and credit services, as defined in section 1 of the Regulated Financial Services Law, as well as a person whose occupation is the provision of credit or the provision of deposit and credit services as defined in sections 11a and 25a of that Law and who does not hold a licence under that Law, excluding a banking corporation and any other body listed in the Third Schedule;";
"(6a) in respect of a credit service provider or deposit and credit service provider – the Supervisor of Financial Service Providers appointed pursuant to the Regulated Financial Services Law;";
"5a. A credit service provider or deposit and credit service provider.".
Need to cite this law in a foreign court?
Eli Shimony Israeli Attorneys-at-Law provides certified Expert Legal Opinions on Israeli law within 24–48 hours, accepted by courts worldwide.
Contact Us →First Schedule (Section 37)
| Credit portfolio (in millions of NIS) | Minimum required equity capital (in millions of NIS) |
|---|---|
| 25 to 50 | 1 |
| Over 50 to 100 | 2 |
| Over 100 | 4 |
| Credit portfolio or deposit portfolio (in millions of NIS) | Required equity capital (in millions of NIS) |
|---|---|
| 25 to 50 | 1 |
| Over 50 to 1,000 | 1.5 |
| Over 1,000 | 3 |
Need to cite this law in a foreign court?
Eli Shimony Israeli Attorneys-at-Law provides certified Expert Legal Opinions on Israeli law within 24–48 hours, accepted by courts worldwide.
Contact Us →Second Schedule (70e)
Read the entire law on one page — continuous text, no page breaks, plus PDF downloads.