Since July 14 2014, Tel Aviv Stock Exchange Clearing House (Tasech) has allowed a settlement difference level of up to and including ILS1.00 of the matching settlement amount for OTC trades, according to Bank Hapoalim. Tasech is finalising an account with the European clearinghouse Euroclear Bank in order to broaden its global reach. 

The account is designed to transfer securities of companies listed in Israel and Europe between the markets. The clearinghouse will join as a participant in the Euroclear settlement system operated by Euroclear Bank. Tase was due to begin operating with the account at the beginning of 2015. The account complements the account that Tasech already has with the DTCC in the US, which is used to transfer inventory records of acquiring dual shares between Israel and the US.

Tasech and the Derivatives Clearing House have begun the process of adopting and implementing international standards that guide the Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (Iosco) relating to risk management at clearinghouses that are a central counterparties (CCPs).

The Tel Aviv Stock Exchange (Tase) joined the European stock markets organization Fese as an associate member in 2014. It also made two major changes to foreign investor trading rules. Effective from October 30 2014, the Bank of Israel cancelled the 10% reserve requirement imposed on swap and forward transactions with non-residents. In November 2014 Tase mandated that foreign investors cover technical shorts within three trading days instead of three business days (and Israeli investors cover technical shorts within one trading day instead of one business day). In January 2015 the stock exchange also launched options and futures on the TA100 index.

The regulatory reform that will have the most impact on the custody services, according to Bank Hopoalim, is the Interministerial Committee for Custody Services. Most recommendations by the committee had already been implemented in the market, including defining custody services, custodian duties, the appointment of third parties, external audit and enforcement.