The law requires the Tel Aviv Stock Exchange, as a condition for obtaining a license, to implement rules. The rules must be approved by the Israel Securities Authority and the Minister of Finance.
The TASE Board of Directors may amend the TASE Rules. The change requires the approval of the Israel Securities Authority, who in turn submits a notice of the change in to the Minister of Finance. The change takes effect ten days after the date the notice is delivered, unless the Minister of Finance states his objection to the change before the end of the said period. Changes in the regulations pursuant to the TASE rules require the approval of the Israel Securities Authority.
The rules and regulations of the TASE include, among other things, rules regarding: TASE members, listing of securities for trading, trade suspensions and maintenance rules, trading on the TASE, publication of information by the TASE, and the commissions the TASE collects.