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Israeli Capital Market Authority Tightens Rules on Early Pension Withdrawals to Protect Savers

How 4 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Calcalist · 5 hours ago

What happened

The Israeli Capital Market Authority has mandated stricter verification and client consent procedures for early pension withdrawals to combat fraud and protect savers. The new rules, effective in about three months, require institutional bodies to verify requests thoroughly and ensure clients understand the financial consequences before approval.

01Israeli Capital Market Authority mandates stricter checks on early pension withdrawals starting in three months.
02Institutions must verify withdrawal requests’ authenticity and client employment status before approval.
03Proactive client contact is required to confirm understanding of tax and insurance impacts.
04New rules aim to combat fraud, impersonation, and inducement in pension fund withdrawals.
05Commissioner Amit Gal stresses protecting savers and eliminating misleading withdrawal inducements.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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Amit Gal