The nominee company of the Tel-Aviv Stock Exchange (TASE) will commence operations on January 1, 2018 and will offer digital registration services to public companies.
The nominee company will provide the issuing companies on TASE with a variety of “one stop” services, including: a trade listing, registration with the nominee company and deposit with the clearing house.
The services will be provided digitally without any need to issue a physical certificate, with the intention of reducing the risks in the registration process and of cutting the operating costs for the public companies. The transition to full digitization will enable the use of physical share certificates to be brought to an end.
