The **Israel Securities Authority (ISA)** is the national regulator of Israel's securities industry, established by law in 1968. Its primary mandate is to ensure an efficient capital market based on transparency and fairness, similar to the principles of U.S. securities laws developed after the 1929 Wall Street crash[1][2]. The ISA oversees and regulates various sectors, including public companies, mutual funds, ETFs, stock exchanges, and investment advisors[2][3]. **History and Development**: Securities trading in Israel began in 1935, with the Tel Aviv Stock Exchange (TASE) officially opening in 1953. The ISA's establishment in 1968 marked a significant regulatory shift, providing a framework for the TASE and its operations[1]. Over the years, the ISA has adapted to evolving financial landscapes, focusing on investor protection against fraud and insider trading[1]. **Key Achievements and Current Status**: The ISA has been proactive in regulating innovative financial services, including guidance on new business models and support for regulatory tech solutions[2]. Recently, it has taken a more aggressive stance on administrative enforcement, updating rules for qualified investors and regulating payment services[5]. The ISA collaborates with international bodies, promoting innovation and cooperation in financial services[6]. **Notable Aspects**: The ISA plays a crucial role in maintaining the integrity of Israel's capital markets. It reviews and approves stock exchange rules, ensuring fair and proper conduct[4]. The ISA's focus on innovation and its engagement with fintech solutions reflect its commitment to adapting to modern financial challenges[2][6]. Overall, the ISA is a vital component of Israel's financial infrastructure, working to protect investors and foster a robust capital market environment.