Amit Gal

Capital Market Supervisor Amit Gal issued an official notice beginning the licensing of Gemach institutions under the Anti-Money Laundering Law, starting a 24-month compliance countdown.

At 90 years old, Migdal controlling shareholder Shlomo Eliahu has taken over as temporary CEO of Migdal Holdings, stepping into the role amid ongoing managerial turbulence and regulatory scrutiny.

Israeli insurance agents earned a record 13.23 billion NIS in commissions in 2025, a 10% annual increase. Capital Market Authority Commissioner Amit Gal warned of potential conflicts of interest due to high commission rates.

Israeli long-term savings hit a record 3.3 trillion NIS in 2025, driven by 219 billion NIS in new deposits and strong market returns. Insurance agent commissions surged 10% to 13.2 billion NIS, while management fees saw minor declines.

The Capital Market Authority exposed severe governance failures at More Investment House over an unauthorized attempt to seize control of Orion's board using client funds. Financial sanctions are being considered.

Yoav Karmi and Ariel Prestman, owners of Ha-Bayta Living, will not join the Orion board of directors following the shareholders' vote. They failed to secure the required 51% majority.

Amit Gal, head of the Capital Market Authority, has questioned the involvement of the Meitav investment house in the company Orion. This move has sparked a debate over the limits of institutional activism and the balance between protecting savers and market structure.

The Capital Markets Authority is demanding data from institutional bodies regarding their votes at public company meetings over the last 3 years. This involves hundreds of votes per body, and the institutions have turned to their voting advisory body on compensation issues to help them meet the Authority's deadline.

The Capital Market Authority is working to eliminate temporary life insurance discounts, requiring companies to maintain initial terms throughout the policy's duration. The regulator warns that customers lured by low entry prices often become trapped due to age or health issues, eventually facing premium hikes of hundreds of percent.

A draft circular published by the Capital Markets, Insurance and Savings Authority is intended to put an end to discounts of tens of percent that insurance companies grant to customers for a limited period of several years, in order to encourage enrollment. "It may influence his judgment at the time of enrollment and bias him away from making an informed decision," they write at the Authority.