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Israeli Court Holds: Online Trading Platforms in Financial Assets are not Akin to Betting

The Tel Aviv district court’s department of economic affairs recently dismissed a motion seeking class action certification of a lawsuit filed against online platforms trading on financial assets, including binary option trading, holding that these platforms do not violate the criminal prohibition against administering unlawful betting and gaming. Judge Danya Kareth Meyer held that trading on these platforms does not ...

Israeli Anti-SPAM Legislation Amended for the First Time

The first amendment to the Israeli anti-SPAM law (section 30A of the Communications Law (Telecom and Broadcasts), 5742-1982) extends the law's reach to cover donation requests and non-commercial marketing, but excludes political messages and election campaigns.

The amendment to the anti-SPAM law, enacted by the Knesset in early August, was recently published in the official Israeli gazette. The amendment redefines ...

Israel Extends Deadline for Compulsory Accessibility Adjustments in Websites

The Welfare Committee of the Knesset (the Israeli Parliament) decided to extend the deadline for Israeli websites required to make accessibility adjustments, by one year. Pursuant to the Israeli regulations on Equal Rights for Persons with Disabilities and the corresponding statute, virtually all Israeli websites would have had to adjust their interface in accordance with the World Wide Web Consortium’s ...

Israel to Regulate Financial Service Providers Dealing in Virtual Currency

The Knesset (the Israeli Parliament) has passed into law legislation that would regulate, among others, financial service providers that deal in virtual currencies. The Supervision of Financial Services (Regulated Financial Services) Law, 5776-2016 seeks to comprehensively regulate non-institutional financial service providers (i.e., non-institutional currency service providers and credit providers), by developing the non-institutional financial services sector and establishing an alternative ...

Israeli Privacy Regulator Issues Draft Guidelines on Right of Access to Personal Data

The Israeli Law, Information and Technology Authority (ILITA, the Israeli privacy regulator) at the Israeli Ministry of Justice has issued draft guidelines on data subjects' right to review their phone call recordings, chat conversations, video calls and other digital information maintained by businesses or other entities providing services to the public. The draft guidelines reflects the Israeli privacy regulator's position ...

Israeli State Attorney Publishes Prosecutorial Policy on Digital Pedophilic Content

The Israeli State Attorney, Mr. Shai Nitzan, recently published new guidelines outlining prosecutorial policy on offenses related to possession, use and distribution of pedophilic content. The guidelines outline a strict approach toward offenders, both in respect of the criteria for prosecuting offenses related to pedophilic content and the sentences that prosecutors should argue for. The guidelines emphasize the severity of ...

Israeli Ministry of Finance Issues Circular on Cyber Risk Management

The Department of Capital Market, Insurance and Savings at the Israeli Ministry of Finance has issued the final version of its circular on Cyber Risk Management at Institutional Entities (Institutional Entities Circular 2016-9-14). Earlier drafts of the circular were published in October 2015 and April 2016 for public comments.

The circular will enter into force on April 2, 2017 (except ...

Israeli Government Proposes a “Facebook” Bill

The Ministry of Justice recently published a draft bill on the removal of criminal content from the web, which has already been attributed the nickname “Facebook Law”. The bill’s declared objective is to provide enhanced measures for dealing with unlawful speech that raises a significant risk to the safety of an individual or the public, or to national security, by ...
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