<p>🕑<i> 5 minutes </i></p><p>Until recently, foreign financial institutions who engaged in credit extension to Israeli residents, as well as some other types of entities, could rely on various exemptions that were available under temporary regulations. Now, the New Exemption Regulations have replaced the former exemption regulations and have been enacted as permanent regulations, with no expiry date, therefore providing much greater certainty to the market players engaging in this field of business.</p>