Control of Financial Services (Pension Advice, Marketing and Clearing System) Law (Amendment No. 13) Bill
Translated from Hebrew: הצעת חוק הפיקוח על שירותים פיננסיים (ייעוץ, שיווק ומערכת סליקה פנסיוניים) (תיקון מס' 13)
TL;DRThe bill allows banking corporations to provide pension advice through digital means and telephone calls, and not only at permanent branches.
Translated from Hebrew
What does the bill do?
The amendment changes the Supervision of Financial Services Law to allow banking corporations and bodies acting on their behalf to provide pension advice through digital means such as websites and mobile apps, and through telephone calls as part of the advice process. The change is meant to permit banks to provide pension advice in a manner similar to other banking services provided remotely, while preserving the existing restrictions on "face-to-face" pension advice outside branches, and the restrictions on bank advisers contracting with employee and employer organizations.
The votes on this bill
Coalition 72 seats
Opposition 48 seats
Tap an MK for detailsChanged position between readingsOnly MKs who held a seat on the day of the vote are shown