The role of the Disciplinary and Judicial Committee is two-fold. It oversees and manages the internal arbitration system, by which disputes among bourse members and other parties that have agreed to arbitration are resolved. It also is responsible for investigating alleged violations of the bourse’s strict code of ethical conduct according to which all members are required to operate, and applying remedial measures when necessary.

Membership of the Israel Precious Stones and Diamonds Exchange is exclusive to members of the trade in good standing. Candidates are required to complete a comprehensive application process, which includes recommendations, background and integrity checks and personal guarantees. The Membership Committee is responsible for overseeing the process, examining and considering the individual applications, and then making recommendations for final decision by the Board of Directors.

The Comptrollers Committee is an independent body that reviews the actions of the Board of Directors and other committees of the Israel Precious Stones and Diamonds Exchange to ensure that they operate correctly. The Comptrollers Committee reports to bourse’s General Assembly.